The Federalist
•53% Informative
The U.S. economy is slowing, and economic health is weaker than the Harris-Biden administration’s economic data has led investors to believe.
A large part of post-Covid growth and job-adds (the real ones) have been fueled by government spending.
Federal spending in 2023 was $6.2 trillion , while receiving just $4.7 trillion in tax revenue — so the government spent $1.5 trillion more than it took in.
The Treasury has intentionally drawn down the ON RRP , but they call this “supporting liquidity” while they hope that the Fed starts to purchase (monetize) more U.S. government debt once the facility runs out.
Instead of fixing the problem in an election year , Yellen has delayed the issue in a way that will make it worse for the country in the long run.
VR Score
63
Informative language
70
Neutral language
16
Article tone
formal
Language
English
Language complexity
48
Offensive language
possibly offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links