Total Farce: Real Spending Under Debt Ceiling Deal Actually Goes Up Next Year

By Tyler Durden

Late last week, we were the first to correctly summarize what the bottom line of the so-called “debt ceiling deal” meant for the US, for future generations of Americans, and for the ridiculous melodrama gripping Washington: a -0.2% of GDP cut in nominal spending.

Hey @mattgaetz, the debt ceiling deal "cuts" spending by 0.2% of GDP or about $50 billion.

Is that good enough?

— zerohedge (@zerohedge) May 28, 2023

Read Full Article Here…(zerohedge.com)

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