The common wisdom advanced by many political economy strategists is that US has the "cleanest laundry " in the world. Individuals like Martin Armstrong popularized the misguided fiction that US Dollar will be last man standing. I disagree, I don't think US will ever get its finances in order, and in fact, it the least likely country to do so in the world.
CBO just published its 10-year forecast for US deficits, predicting that US Government will run annual deficits of $2trillion dollars for the next decade. Ok, but CBO does not factor even recessions?
Edited by linrom1, 23 February 2023 - 12:32 PM.