While the conclusion is that a combination of dramatic tax increases and/or dramatic spending cuts are absolutely going to happen, there is a third factor that is also almost certain: Inflation which reduces the relative value of the debt and means higher interest rates.
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Looming Fiscal Disaster
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While the conclusion is that a combination of dramatic tax increases and/or dramatic spending cuts are absolutely going to happen, there is a third factor that is also almost certain: Inflation which reduces the relative value of the debt and means higher interest rates.