"Former Fed Chair Alan Greenspan issued his latest warning Tuesday about the fiscal situation in the US, saying that larger budget deficits ultimately will cause inflation."The spending shortfall has surged under President Donald Trump, rising to just shy of $1 trillion in fiscal 2019."
"While America's economy has grown for over a decade, that growth is increasingly concentrated in 1% of the nation's counties."Just 31 counties, or the top 1% by share, made up 32.3% of US gross domestic product in 2018, according to data released last week by the Bureau of Economic Analysis that included nearly 20 years of county-level GDP data."That's despite these counties only having 26.1% of employed Americans and 21.9% of the population last year. Their combined GDP share is also up from a recession low of 30.1% in 2009."