The US Budget Deficit

I’m going to dance by myself like no one is watching… don’t really care if my rhythms off. That sums up the US budget deficit. Watch until the end. 

Trump, Biden or Harris – it’s just the same old out-of-step boogie. As economist Mohamed El-Erian observes “instead of rebounding sharply and fully after a shock, the fiscal balance has tended to stabilize at a larger deficit... so much for the notion of repairing the roof when the sun is shining (to quote former President Kennedy and ECB President Lagarde)”.

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Music: Dance Like Nobodys Watching by Siine, Epidemic Sounds