Okay I trust what he had to say. If he is wrong then we will be lucky to avert an economic disaster.
If he is wrong, it is one more straw on the camel’s back, Fred, as you suggest.
I’m very skeptical. BBB is substantially a continuation of the grotesque Biden-level spending and the existing tax rates. There are a few positive things in it, but nothing in the realm of the supply side boost that a la Reagan taxcuts or even the 2017 Trump ones.
If we see that $160 billion recission accomplished, as we minimally ought to, that will help. But such is the Uniparty strength, that I’m not holding my breath. The Trump-Uniparty coalition have done nothing to change the trajectory of bankruptcy. They are borrowing at a rate of 7% of GDP (a level that would be high in a deep recession).
I agree, unfortunately, J. Sobran. I fear the worst but am hoping things will work out somehow.
I suspect the fiscal armageddon is coming. I just don’t know when.
Okay I trust what he had to say. If he is wrong then we will be lucky to avert an economic disaster.
If he is wrong, it is one more straw on the camel’s back, Fred, as you suggest.
I’m very skeptical. BBB is substantially a continuation of the grotesque Biden-level spending and the existing tax rates. There are a few positive things in it, but nothing in the realm of the supply side boost that a la Reagan taxcuts or even the 2017 Trump ones.
If we see that $160 billion recission accomplished, as we minimally ought to, that will help. But such is the Uniparty strength, that I’m not holding my breath. The Trump-Uniparty coalition have done nothing to change the trajectory of bankruptcy. They are borrowing at a rate of 7% of GDP (a level that would be high in a deep recession).
I agree, unfortunately, J. Sobran. I fear the worst but am hoping things will work out somehow.
I suspect the fiscal armageddon is coming. I just don’t know when.