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Article #624612Re: LAX: Trump's tax cuts bring huge debt and future financial crisis
From: Andrew Swallow
Date: Tue, 26 Jun 2018 20:09
Date: Tue, 26 Jun 2018 20:09
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2674 bytes
On 26/06/2018 21:04, hanc...@bbs.cpcn.com wrote: > excerpt > > The nonpartisan Congressional Budget Office said the tax cuts > championed by President Trump are helping push the nation > toward an unprecedented level of debt, and heightening the risk > of another financial crisis. The CBO projected soaring > deficits in the coming years, with debt ultimately peaking at more > than 152% of the nation’s gross domestic product. Last year’s > tax cut. It is estimated to increase the deficit by more than > $2.3 trillion over the decade. > > very detailed full article at: > > http://www.latimes.com/politics/la-na-pol-tax-cuts-debt-20180626-story.html > > > When a country borrows to pay the interest on its loads a small increase in interest rates produces a feedback loop causing the money to go out of control.
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X-Received: by 2002:a1c:5584:: with SMTP id j126-v6mr365651wmb.2.1530043792923; Tue, 26 Jun 2018 13:09:52 -0700 (PDT) X-BeenThere: alt.folklore.computers@googlegroups.com Received: by 2002:a1c:99d5:: with SMTP id b204-v6ls832533wme.6.canary-gmail; Tue, 26 Jun 2018 13:09:52 -0700 (PDT) X-Received: by 2002:a7b:c01a:: with SMTP id c26-v6mr361020wmb.0.1530043792059; Tue, 26 Jun 2018 13:09:52 -0700 (PDT) Path: mbox-mo1.pugleaf.net!d26-v6ni7825wmb.0!nntp.google.com!proxad.net!feeder1-2.proxad.net!weretis.net!feeder4.news.weretis.net!border2.nntp.ams1.giganews.com!nntp.giganews.com!buffer2.nntp.ams1.giganews.com!news.giganews.com.POSTED!not-for-mail NNTP-Posting-Date: Tue, 26 Jun 2018 15:09:51 -0500 Subject: Re: LAX: Trump's tax cuts bring huge debt and future financial crisis Newsgroups: alt.folklore.computers References: <b9b998a6-da30-4ebe-a0f0-40eb822df9d1@googlegroups.com> From: Andrew Swallow <am.sw...@btinternet.com> Date: Tue, 26 Jun 2018 21:09:50 +0100 User-Agent: Mozilla/5.0 (Windows NT 10.0; WOW64; rv:52.0) Gecko/20100101 Thunderbird/52.8.0 MIME-Version: 1.0 In-Reply-To: <b9b998a6-da30-4ebe-a0f0-40eb822df9d1@googlegroups.com> Message-ID: <L-ednR_ypOASAK_GnZ2dnUU78X3NnZ2d@giganews.com> Lines: 22 X-Usenet-Provider: http://www.giganews.com X-Trace: sv3-ur7A4Qucw84Yeo29I2YpCjRivBR30DsGijKa9yCPoYy16Pq+7bl6JtKRMn4EwDjL3+eCd1bNHcF+YS9!oFMGnnHkl+0sPNsvXlJzA0J4YHtJhX+/gtJ6JVLOLHQDW2QWaJNUpq2KSYzfUGxbLrXZJvYMQw== X-Complaints-To: ab...@giganews.com X-DMCA-Notifications: http://www.giganews.com/info/dmca.html X-Abuse-and-DMCA-Info: Please be sure to forward a copy of ALL headers X-Abuse-and-DMCA-Info: Otherwise we will be unable to process your complaint properly X-Postfilter: 1.3.40 X-Original-Bytes: 2120 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 8bit