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New Prime Inc. vs Oliveira SCOTUS 17-340
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<blockquote data-quote="bacha29" data-source="post: 3761192" data-attributes="member: 58386"><p>When this tax cut sugar high wears off the results will leave us no better off. Three or four weeks ago Treasury sent out word that it will need to do increased borrowing with rising interest rates. Some traders worry that we may see an interest rate inversion with the yield on the 5 year exceeding the 10 year which has shown itself to be a reliable predictor of a recession. What is so comical was when there was a Democrat in the WH the Reps were jumping up and down hollering and screaming about the deficit. Now that it's their deficit my how quiet they've become. And yes the GOP agenda for the next Congress surrounds desperate and dramatic cuts to key social programs including Medicare, Social Security and even Medicaid a program that see two thirds of it's budget go to pay for the care of nursing home patients which will likely have to be made up by the states. All of which are driven by the fact that economic growth has not grown revenues enough to offset the tax cuts. </p><p>So the few extra dollars the average person saw in their paychecks will be more than offset by inflation and higher interest rates.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3761192, member: 58386"] When this tax cut sugar high wears off the results will leave us no better off. Three or four weeks ago Treasury sent out word that it will need to do increased borrowing with rising interest rates. Some traders worry that we may see an interest rate inversion with the yield on the 5 year exceeding the 10 year which has shown itself to be a reliable predictor of a recession. What is so comical was when there was a Democrat in the WH the Reps were jumping up and down hollering and screaming about the deficit. Now that it's their deficit my how quiet they've become. And yes the GOP agenda for the next Congress surrounds desperate and dramatic cuts to key social programs including Medicare, Social Security and even Medicaid a program that see two thirds of it's budget go to pay for the care of nursing home patients which will likely have to be made up by the states. All of which are driven by the fact that economic growth has not grown revenues enough to offset the tax cuts. So the few extra dollars the average person saw in their paychecks will be more than offset by inflation and higher interest rates. [/QUOTE]
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