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BBB: Deficits front-loaded, cuts backloaded => huge surge in unsecured debt = Gross Fiscal Irresponsibility (GFI). Gross like in GDP
Think "Latin America" (Arg 2020-2023)
GFI is like buying a mansion with a credit card and then giving it away
Rural USA's credit card
Result is econ crisis
2025-08-30T18:22:12.704Z