igher inflation and higher growth - a difficult combination to create. Figure 25: us Annual Budget Surplus/Deficit (1791 to present. L1-1S) and DM Financial Shod's {REIS) 10% DM Shocks IMIS) —StoplusiDoficit (% of GDP) 100% Largest peace time deficit Soiree Dandy Sank Pelted Ariannaf Das 80% 70% 60% 5