In planning for next U.S. recession, economists say, don’t fret about debt

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Reuters/Howard Schneider/10-13-2019

“Economists are divided about when the next U.S. recession will arrive, but they largely agree on this: the country will need to fight it with a massive fiscal program, and be ready to swallow deficits that may eclipse the trillion-dollar shortfall run by the Trump administration this year.”

USAGOLD note:  Nice to know that the economists in attendance were all on the same page about infrastructure spending even if it was written in a lot of red ink. . . . . The real question is how far the federal government will go over that $1 trillion deficit, i.e., if $1.5 to $1.75 trillion is a more realistic target zone.