rjthehunter
Well-known member
I saw their Bloomberg susbscription was $850k... WTF!@BuzzH
Maybe your more of WSJ fan? You're in luck USDA has subs for that too...
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There's so much gross overspending.
What difference does it make if the US's GDP is 1% lower? The government shouldn't be spending money they don't have.Exactly. I can say that the mental gymnastics that they need to go through to make a tax extension deficit neutral is mind boggling. The biggest problem is cutting $1T in government spending cuts about 0.5-1.0% off GDP, which makes the numbers worse. They could maybe say that lower growth means lower interest rates so that expense falls. But that isn't a great political narrative. Somehow they will blame Biden or some new boogieman. Obviously the lack of these funds is going to hurt a lot of smaller communities. I have complete confidence they will find a way to sell it to the public though, and it will be bought hand over fist.
If they cut $1T a year in spending, then the national deficit is only going up $2.5T a year right? That's better than not doing anything like has been done in the past. Cutting spending mixed with tariffs could very soon turn around the national debt.
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