bidens inflation production bill - deficits
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Started by bear - Aug. 19, 2022, 10:20 p.m.

this may not effect anyones short term trade, but here is my long term prognosis...

when biden claims his bill will reduce the deficit, i think his team makes a very big miscalculation.  as interest rates rise over the next few years,  the amount that uncle same has to pay in interests will balloon.  i think the deficit will be much bigger than the WH thinks.  

interest expense will be higher, the money coming in from tax increases will be lower than what they think, and the other expenses in the bill will be larger than what they think.  

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By metmike - Aug. 19, 2022, 10:53 p.m.
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Great points bear!


On stating it this way:

"than what they think."


I'm betting that you'll agree that they don't really think all those things, but instead want to convince Americans  to think those things.

They make up whatever they need to in order for it to maximize  support for whatever agenda they want passed.

https://www.marketforum.com/forum/topic/88185/