It is no secret that our country is running profligate budget deficits which currently exceed our military budget with accumulated debt exceeding $41 trillion.
The recent Supreme Court ruling against the legality of some of the Trump tariffs has caused the US Treasury to refund billions of dollars to affected corporations – exacerbating our current year deficit pace.
History reveals that no nation can sustainably run a deficit without offsetting them with trade surpluses, a GDP which grows faster
than the deficits, and/or corporate and individual tax rates. None of these offsets is presently occurring, leaving fixed rate depositors at risk for buying-power loss due to increasing inflationary pressures.
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Thank You, Berkley Badger