Budget Deficit and Lost Jobs

Antonio Graceffo, PhD.

When the US budget deficit increases, interest rates rise. This drives up the price of the dollar, decreasing US exports, increasing US imports and increasing the US trade deficit, resulting in job losses. Unless Biden is planning to pay the $1.9 Trillion stimulus out of his own pocket, he is about to permanently wreck the US economy. Of course, the loss of jobs is only theoretical, since many Americans are not allowed to work anymore anyway. #economics #Tradedeficit #budgetdeficit #unemployment #Stimulus