054: The Government Deficit – What the Numbers Actually Mean!

The government deficit is at an all time high and yet the markets remain strong. The economy is starting to bounce back after the pandemic stopped progress in its tracks for the past 6 months.  So, what do the government debt numbers really mean?  Are we stealing from future generations to solve today’s problems?  Patti sits down with her Chief Planning Officer, Eric Fuhrman, to break down the very complicated concepts of deficit spending and the Federal Reserve into terms listeners can understand more fully.  They discuss the two primary sectors in the economy – public and private and how mounting debt affects each.  With the presidential debates coming in the next few weeks, this is the perfect time to learn and understand what these numbers really mean and how they affect our economic health and future.