The Octogenarians

Hawks beware,U.S. military preparedness stands at the brink! Watch the deficit, it currently stands at roughly two-thirds of U,S, one  year’s GDP (gross domestic product,amongst the highest of any developed country. Trump’s tax proposal,besides providing a largesse for the very wealthy,doesn’t come near collecting enough in taxes to cover the annual budget,causing the deficit to grow by leaps and bounds(one-and one half trillion to two trillion dollars over the decade). Proponents say that by not taxing corporations and “pass through” businesses they’ll grow tax revenue. Utter nonsense! The deficit will expand exponentially to the point that before the decade’s end,it will EQUAL the nation’s GDP Very Dangerous! This could cause runaway inflation; It will certainly make our Treasury bondholders nervous indeed.(China and similar sovereign wealth funds) as they begin to fear an Argentina -like default.(as interest rates rise and the cost of turning over older Treasuries becomes ever more expensive…

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