The Soapbox

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What's this?

Not really a Ponzi scheme, but yeah, our current level of deficit spending

can't go on forever. But there's no shortage of demand for US treasuries as evidenced by the 10 year at 1.8ish, and I don't see another currency taking over as the world's reserve currency anytime soon, so I think we have some time to go. But who knows.

If it all comes crashing down, I don't think the recent tax cut that led to bigger year over year increases in tax revenues than occurred before the cut, is going to be the reason why.

(In response to this post by 81_Hokie)

Posted: 12/06/2019 at 12:54PM

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Current Thread:

How is that tax cut working out? -- Hoo Fighter 12/06/2019 09:35AM

Pretty well for me actually. I think the corporate -- BocaHoo91 12/06/2019 11:26AM

Like any Ponzi scheme, I just hope it lives longer than I do. I'm not -- 81_Hokie 12/06/2019 12:47PM

Not really a Ponzi scheme, but yeah, our current level of deficit spending -- BocaHoo91 12/06/2019 12:54PM

It's pretty amazing the things we learned out of the book... -- Stimp 12/06/2019 1:06PM

Wasn't it just as stupid when we were kids? Right on the heels of 1970s -- hoolstoptheheels 12/06/2019 1:19PM

LOL! And yet revenue is above, and growing faster than where it was before -- Hoodafan 12/06/2019 09:53AM

The problem with our current situation is that we are running out of slack -- hoolstoptheheels 12/06/2019 10:31AM

I mostly agree with you there, but take issue with the OP's cherry picked -- Hoodafan 12/06/2019 11:47AM

Trump likely giveth and Trump likely taketh away. -- hoolstoptheheels 12/06/2019 12:18PM

Hillary herself told us where it would take us, she campaigned on raising -- Hoodafan 12/06/2019 12:32PM

Would have been very hard for her to take corp taxes up above 35% -- hoolstoptheheels 12/06/2019 12:56PM

You should stop. You are not making the points you think you are making ** -- 111Balz 12/06/2019 11:58AM

More of your predictable childish baseless attacks. Yawn. ** -- Hoodafan 12/06/2019 12:08PM

Trend analysis says a recession in 2020, but not necessarily -- 111Balz 12/06/2019 10:53AM

Basically flat as % of GDP. Modest GDP growth drove the -- 111Balz 12/06/2019 10:10AM

Is flat as a % of GDP a bad thing? I get that -- BocaHoo91 12/06/2019 11:19AM

No, I was mkaing no value judgement. Hooda is trying -- 111Balz 12/06/2019 12:12PM

OK gotcha. FWIW, my interpretation of flat as a % of GDP is that -- BocaHoo91 12/06/2019 12:18PM

Which I guess would be the result we’d expect -- 111Balz 12/06/2019 3:46PM

Look at thread below to get your answer ** -- TomKazanski 12/06/2019 09:39AM

Based on that article ... -- Beerman 12/06/2019 09:42AM

Keep telling yourself that ** -- TomKazanski 12/06/2019 10:24AM

Balz makes a fine point -- Beerman 12/06/2019 10:37AM

Tax cut stimulation wasn’t necessary -- TomKazanski 12/06/2019 10:56AM

My unsupported theory is the cuts cover the impact of the tariff war. -- Guy LeDouche 12/06/2019 10:53AM

I think the most that proponents of the tax cuts can say -- 111Balz 12/06/2019 09:54AM

Agreed. Tax cuts stimulate an economy in the short term. Long term, -- HoosWillWin 12/06/2019 10:12AM

Ding ding ding ** -- Hoo Fighter 12/06/2019 09:48AM

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