THE NEW HOLISTIC RETIREMENT • 9 And all that new spending will have a lasting impact on your retirement. If Not Now, When? “Okay ,” you’re thinking, “I ge t i t. Congress spe nt a lo t of money. We have a big deficit.” Mos t savers kno w this . But, have yo u considered ho w lmo na sgs iovue rd ec foi uc int tsrpye nwdi il nl gb?eA dn eda, lhi na vg e wy oi tuh ptrheep airme pd af cotr iot f? t h i s Back in March 2020, when the government was on its historic stimulus spending spree, a reporter asked U.S. Trea sury Secreta ry St even M nuchin if he wa s concerned about the deficit. After all, the government had just added two trillion dolla rs t o ou r nation’ s IOUs. 6 Mnuchi n acknowledged the historic defici t spendi ng, and then added: “In different times, we’ll fix t he deficit . This is not the time to worry about it.” 7 Did you cat ch that? Secretar y Mnuchin didn’t say, “We don’t have to worr y abo ut the defici t,” or “We have a plan to resolve the growi ng deficit.” He just sa id w e didn’t ha ve t o w orry about the defici t right now . 6 dehattl.phst:m//lwww.nytimes.com/2020/03/25/us/politics/coronavirus-senate- 7 Claudia Grisales, Kelsey Snell, an d Susan Davis. NPR. March 17, 2020. “White House Seeks $1 Trillion From Congress in Coronavirus Relief Push.” hwtat pv es :-/o/f -we wmwe r. gnepnr .coyr-gf u/ n2 0d 2i n0g/-0t o3-/a1d7d/r8e 1s s6-8c o2 r2o2n1a5v/i cr ou ns g r e s s - w e i g h s - n e w - m a s s i v e -
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