We are Looking at a structural budget deficit of $2 trillion for 2023 even before recession comes in earnest and tax receipts fall.

We are Looking at a structural budget deficit of $2 trillion for 2023 even before recession comes in earnest and tax receipts fall.

Yellen told @SenRonJohnson a few weeks ago that the CBO was projecting $17 trillion in deficits over 10 years well add $3 trillion to that number.… https://t.co/aN9hxgdDeD

— Edward Dowd (@DowdEdward) April 12, 2023