December 1, 2023 – The United States finds itself in a precarious fiscal position, marked by a rapid rise in debt and interest expenses that surpass the growth of the GDP. To tackle these growing fiscal challenges, a combination of inflation and substantial tax hikes are likely, potentially commencing in 2026 or even earlier if there are shifts in the political landscape. In today's segment of the Financial Sense Newshour's Big Picture, we delve into the problem at hand and why it is going to be difficult to simply cut back on spending. Furthermore, we explore our strategies and advice to clients on how they can strategically position themselves for the long term in anticipation of these changes.
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