Economist Peter Schiff warns U.S. budget deficit could lead to massive money printing and soaring inflation
By
David McAfee
Summary
Conservative economist Peter Schiff warns that the U.S. federal government's large budget deficit will lead to massive money printing by the Federal Reserve, causing inflation that could eventually double prices for ordinary Americans. Schiff highlights that in May, the government spent $628 billion while collecting only $33 billion in revenue, illustrating the severity of the fiscal imbalance.
Source
bskyEconomist Peter Schiff warns U.S. budget deficit could lead to massive money printing and soaring inflationrawstory.comKey quotes
· 3 pulledEconomist Peter Schiff is warning that the federal government's yawning budget gap will be papered over with a flood of newly printed money
ordinary Americans will pay for it through prices that could eventually double
In May, he wrote, the government spent $628 billion while collecting just $33
You might also wanna read
U.S. Federal Budget Deficit Unchanged in Fiscal 2025 Despite Tariff Revenue Increase
The U.S. federal budget remained grim in fiscal year 2025 despite a historic rise in tariff revenue, with the deficit staying the same as th
wsj.com·8mo ago
U.S. National Debt Reaches Record $38 Trillion During Federal Shutdown
The U.S. government's gross national debt has reached a record $38 trillion during a federal shutdown, marking the fastest accumulation of d
apnews.com·8mo ago
U.S. National Debt Exceeds 100% of GDP for First Time Since World War II
The U.S. national debt has surpassed 100% of GDP for the first time since World War II, reaching $31.265 trillion in publicly held debt agai
The Wall Street Journal·1mo ago
US national debt reaches record $39 trillion amid war in Iran
The U.S. national debt has surpassed $39 trillion for the first time, reaching the milestone just weeks into the U.S.-Israeli war in Iran. T
apnews.com·3mo ago
Pentagon seeks $1.5 trillion budget amid unpopular Iran war and soaring inflation
The article reports on Pete Hegseth and Pentagon officials requesting a $1.5 trillion budget (a 42% increase) from Congress amid the ongoing
Rolling Stone·1mo agoUS national debt reaches a record $37T, the Treasury Department reports
Comments
Sign in to join the conversation.
No comments yet. Be the first.