Fitch: Debt bill coming due

 

These morons still at it nothing has changed…. Interesting a climate nutter bot re-tweeted it … same people deranged paranoid depressed freaks…

A blowout in government borrowing since the pandemic began will ultimately require spending cuts and higher taxes to get public finances back on track. That’s a lesson from economic history highlighted by James McCormack, Fitch’s global head of sovereign ratings, who said that even if austerity is not on the agenda right now, the bill to pay for the pandemic will come due.

"Pandemic’s $16 Trillion Bill Will Come Due as Debt Surges: Fitch... Governments have rolled out about $16 trillion worth of fiscal measures to prevent economic collapse during the pandemic..."

All the latest socio #economiccollapse news here:https://t.co/UmE9fxqeRO

— ClimateAndEconomy (@EconomyClimate) August 20, 2021