For January 2022, COLA jumped to 5.9%, the largest since 1982. Some may be wondering how much it will be adjusted for 2023 as prices have been rising since April.
The 2020 budget deficit will explode after four coronavirus response bills passed by Congress and signed by President Donald Trump promise to pile more than $2 trillion onto the $24.6 trillion national debt in just the remaining six months of the current fiscal year, according to the report.
Many medical experts in the government, including Dr. Anthony Fauci and Dr. Deborah Birx, have cautioned that easing up on social distancing too soon could lead a new wave of the disease that would require shuttering the economy again, with disastrous results.