Wal-Mart raises wages, gives bonuses, credits tax reform

[Lone Clone]

Libs hate Trump so much they think it's bad when people make more money. End of story.

 

[Urohawk]

Libs hate Trump so much they think it's bad when people make more money. End of story.

Cons have abandoned their principles of lowering taxes, reducing government spending, and being fiscally responsible. End of story

 

[*33*]

Cons have abandoned their principles of lowering taxes, reducing government spending, and being fiscally responsible. End of story

well abandoned 2 out of 3 of those....

 

[*33*]

Yepper. Precisely what I've stated as well.

When the next economic downturn happens, NO ONE will lend to us to buy T-bills, because we'll be so overleveraged already.

This will be like a quick cocaine hit, and everyone will feel good for a short time; but then there will be no more money for the next hit when the withdrawal symptoms start. The next "recession" will be worse than 2007, because government won't be able to do any more QE or 'jumpstarting' investment.

I would bet someone will unfortunately lend to us

 

[Joes Place]

I would bet someone will unfortunately lend to us

Oh...they'll probably lend to us.
But it won't be at AAA rates. It'll be at rates similar to the 70s and 80s.
Those lending rates will then further blow up the deficits, as the majority of our budget is spent on interest, not the military or "entitlements". Interest.