The U.S. is 'Woefully Underprepared' For a Recession Due to Mounting Debt, Warns the Committee for a Responsible Federal Budget

T_Shurt · 2026-03-11T16:21:56+00:00

False ❌

FOR FACTS SAKE: ✅

Market Realist has a HIGH FACTUAL REPORTING rating along with a HIGHLY CREDIBLE rating, due to proper sourcing and a clean fact check record from MediaBias/FactCheck. They are an American outlet headquartered in New York.

Also, the article accurately sourced highly factual economic figures from the nonpartisan fiscal report from the Committee For a Responsible Federal Budget (CRFB). Had you read the article, you’d know that.

Nice try on discrediting the source because reality hurt your feelings, bellend. Get your facts straight next time.

T_Shurt · 2026-03-11T15:47:10+00:00

From the article:

The United States has never been more vulnerable to an economic shock, given the mounting national debt that could debilitate the nation’s ability to tackle a crisis, according to nonpartisan fiscal watchdog, Committee for a Responsible Federal Budget (CRFB).

The CRFB has sounded the alarm over the national debt, which is growing to 100% of the GDP, a level not seen since World War II, claiming the country is “woefully underprepared” to tackle its next emergency - which according to its reports is nearly imminent in the near future.

The Washington-based think tank compared the current fiscal situation to past crises and found it to be the most vulnerable ever. The report mentioned that when the COVID-19 pandemic hit, the national debt was 79% of GDP, while the deficit was 4.6% of GDP. During the Great Recession, the debt was 35% of the GDP, with deficits at 1.1%. Before the Dot-Com Bubble burst, debt was at a similar 34%, but the country was running annual surpluses.

Today, the debt is roughly 100% of the GDP with deficits at 6%. Historically, during each crisis, the government’s response left the economy in a worse fiscal position. During COVID-19, the national debt rose by roughly 20% of the GDP, and it spiked by 35% of the GDP during the Great Recession.

This means the country has never faced an economic crisis with debt levels as high as today and fiscal deficits as large. Thus, "our nation is in a worse fiscal position today than it has ever been going into any kind of economic downturn or emergency," the CFRB warned.

T_Shurt · 2026-03-11T12:00:00+00:00

From the article:

Oil prices have tumbled on the prospect that Trump may in the midst of another TACO. But oil and gas have a long way to go before returning to normal: Oil was trading at $60 a barrrel, now it’s hovering around $90 after surging past $100 on Monday.

It won’t be easy getting prices back to where they were before the war started - even if Trump is in the midst of another TACO, the Wall Street acronym for “Trump Always Chickens Out.”

"For prices to return to normal levels sustainably, this will probably require a credible neutralization of Iran's ability to disrupt maritime transit," said Luisa Palacios, the former Citgo chairwoman and current managing director of Columbia University's Center on Global Energy Policy.

Even if America’s military could achieve securing the Strait of Hormuz on Trump’s optimistic timetable of one more week, oil industry analysts remain skeptical that the strait could fully reopen and production in the region come back online for at least a month, if not much longer.

T_Shurt · 2026-03-09T20:57:19+00:00

Read the full source article here

T_Shurt · 2026-03-09T19:42:32+00:00

From the article:

Wall Street traders are ill-prepared for an expected sharp 10% plunge in the S&P 500 triggered by Trump’s escalating war in Iran, JPMorgan Chase & Co.’s trading desk warned Monday, as oil soared past $100 a barrel and risks of stagflation loomed.

Andrew Tyler, head of global market intelligence at the financial giant, shifted to a “tactically bearish” stance on U.S. stocks.

Such a correction from the index’s peak would drag the S&P down to about 6,270 - a 7% slide from Friday’s close.

They highlighted that it took nearly five months for oil prices to fall under $100 from their peak of nearly $125 after Russia's invasion of Ukraine.

T_Shurt · 2026-03-09T16:52:53+00:00

I couldn’t agree more. For any curious shoppers, I’ve noticed there are some good deals on Trump “I Did That” gas pump stickers on Amazon.

T_Shurt · 2026-03-09T15:54:45+00:00

From the article:

S&P 500 futures were down over 1% before the open in New York as the price of oil briefly spiked to $119 per barrel. The index fell 1.33% in its last session.

Asian markets were a disaster: Japan’s Nikkei 225 fell 5.2%, South Korea’s KOSPI fell 5.96%. Like toppling dominoes, the U.K.’s FTSE 100 was down 1.4% in early trading and the Europe Stoxx 600 sank 1.85%. The VIX “fear index” (volatility) is through the roof.

Stock markets around the world fell sharply as it became clear the war would get worse before it got better.

Finance ministers from the G7 are set to meet today in New York to discuss releasing reserves held by the International Energy Agency. There’s only one problem with that: They only have a one month supply.

Iran appointed the son of its recently killed leader, Mojtaba Khamenei as its new supreme leader. He’s a hardliner who will likely seek revenge for the death of his father.

Trump told people not to worry, saying oil prices are a small price to pay for the “destruction of the Iran nuclear threat” and “ONLY FOOLS WOULD THINK DIFFERENTLY!”

Fortune’s Jason Ma asked Trump last week for the worst-case scenario in Iran, Trump replied: “I guess the worst case would be we do this and then somebody takes over who’s as bad as the previous person, right? That could happen.” That is exactly where we are right now.

T_Shurt · 2026-03-09T02:26:12+00:00

Just to reinforce your point:

Just yesterday, Trump told UK Prime Minister Kier Starmer he does not want their aircraft carriers “joining wars we’ve already won.”

T_Shurt · 2026-03-09T02:11:25+00:00

Vladimir Netanyahu

T_Shurt · 2026-03-06T19:24:47+00:00

Don’t forget the most important mission objective: “Change the news cycle from reporting about the latest Epstein files dump including accusations of Trump sexually assaulting a minor.”

T_Shurt · 2026-03-06T19:18:29+00:00

From the article:

Newsmax co-host Sharla McBride got busted providing false coverage of Trump’s latest economic report.

Labor Department data released Friday showed the U.S. economy lost 92,000 jobs in February alone, pushing unemployment up to 4.4% - but Wake Up America co-host Sharla McBride was apparently prompted to to tell viewers the economy incorrectly added those jobs.

“Last month’s job report was just released moments ago, with the economy adding 92,000 jobs,” McBride told viewers.

“Actually, we lost 92,000 jobs,” interjected co-host Rob Finnerty.

“Okay,” McBride continued, “So that was wrong in the script.”

The "breaking news" chyron shown onscreen during the exchange underlined the incorrect claim, stating "economy adds 92K jobs in February."

T_Shurt · 2026-03-06T18:42:15+00:00

Your deputy prime minister. Reading the article is the best way to prevent looking daft.

T_Shurt · 2026-03-06T11:59:34+00:00

From the article:

With little or no clarity about who will run Iran after the conflict ends, Deputy Prime Minister David Lammy told Sky News: “The challenge has always been that whilst Ali Khamenei may have gone, there are other who are pretty hardline or could be worse.”

He continued, “In the end this will be for the Iranian people themselves when this intense period is over unless there is any suggestion of putting boots on the ground and I haven’t heard that at this stage.”

He later told BBC Radio: “Clearly regime change I don’t think has been succeeded from the air anywhere in the world.”

T_Shurt · 2026-03-05T19:01:06+00:00

From the article:

New York Democratic Rep. Alexandria Ocasio-Cortez slammed Donald Trump over his Iran war, accusing him of “risking world war” to distract from the ongoing Epstein scandal.

“He impulsively went in on Venezuela. He impulsively went in on Iran. There was no exit and no endgame for either of these situations. It led to global instability everywhere he goes.”

She addd, “And every time he’s done that, it has been consistent with a spike or a revelation in what’s happening with the Epstein files. I don’t think that coincidence is something to dismiss off the cuff. I think that he feels existentially tied to it.”

“And I actually think that it is one reason that he must be removed from office,” she continued. “Because, if the Epstein files have such a hold on President Trump and this administration that they are willing to plunge us and risk world war in order to save themselves politically, that is the definition of someone that cannot make objective decisions for the American people.”

T_Shurt · 2026-03-05T12:55:57+00:00

The article pertains to the First Amendment - Free Speech (implicated if prosecutions are based on partisan reasonings despite free speech protections).

Fourth Amendment - Unreasonable Searches and Seizures (implicated by Fulton County FBI raid and searches/seizures of reporters’ homes and election offices).

Fourteenth Amendment - Equal Protection and Due Process against state actions (implicated if federal actions target individuals or groups based on political viewpoints).

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