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Alias Born | 12/28/2008 |
Tuesday, February 25, 2020 12:52:11 PM
DJT has blown the lid off the debt (remember the Boehner BO deal to hold things in place and sequester and cut 2T from discretionary)
That by now is ancient history
But some - maybe right - say that because we are a huge economy and world leader and have a printing press (and some space for more inflation) the debt is a NON issue
That be lots of DEM economists
The REP economists hate debt - still hate debt and thus they are now hated and ignored by the REP mass media - web media and elected officials
What me worry ?
Some one accurately noted ----- REPS are always deficit hawks when DEMS are the president
I do lean towards the camp that says - for now - this debt is not so worrisome
For the market if a DEM comes in and moves corporate back to 28% (not 35%) and then adds more taxes on higher income (say top 3% with the big tax on top 1/2% and top 1/10th of 1%) a tax on wealth and wealth transfer - it might be good for economy but bad for say 3-6 months for markets
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