The GOP's delusional theory that the $1.8 trillion of business tax cuts (corporate and pass-thrus) in the Senate bill will pay for themselves in higher investment, growth, jobs, wages and revenue reflows is about as realistic as the Bitcoin Mania.
Cut, Spend And Borrow---Why The GOP Is Heading For Fiscal Calamity, Part 3
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.