Recently the Representatives in the U.S. Congress voted to "suspend" the federal debt limit for at least four months, allowing serious talk about reducing federal spending and deficits to take a backseat, at least temporarily. Still, there is continued talk of government cutbacks that may take place if compromise isn't reached. But the fact that U.S. budget deficits have exceeded $1 trillion dollars for each of the past four years, without serious consequence, seems to underscore the argument by many congressmen, academics and the media that deficits don't matter.
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AuthorDavid A. Pace, CFA Note: These comments and articles are for informational purposes only. Nothing in these articles are meant to provide specific investment advice and are not a substitute for professional advice from a qualified adviser. Since every investor's investment and personal circumstances are unique, he or she should always enlist the help of a competent and trustworthy professional in addressing their financial needs.
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February 2019
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