All those new auditors will be necessary if/when de-dollarization kicks into high gear. As dollar reserves diminish, so will the demand for US debt. The cost o

All those new auditors will be necessary if/when de-dollarization kicks into high gear. As dollar reserves diminish, so will the demand for US debt. The cost of new debt will be rise, possibly high enough for the US to (gasp!) actually utilize taxation to pay for its spending. In 2019, US outlays were ~30% greater than revenues. So taxes could need to rise by as much ~30% if debt becomes so expensive as to be unpalatable. Actually, that's before accounting for the looming rise in debt servicing costs, and assuming progressives don't pass anything from their expensive wishlist. If progressives pass "medicare for all" (which would come with ~$1 Trillion in *new* government spending), we could need to increase tax revenues by >50% to cover all outlays. So, yeah. The $80B in funding will come in very handy when it's time to raise taxes. In an unrelated note, if you think we'll raising 2 Trillion dollars in new spending without taxing the middle class, please DM me. I'd like to talk to you about fantastic investment opportunity in Arizona's up-and-coming beach condo construction industry.