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Carl Selfe's avatar

I can only see the BBB and my imperative to seek its demise. There are only a few weeks to render it asunder. Many distractions are being proffered, but I will not look away from the mission to destroy the life-threatening BBB. The BBB will kill and bankrupt our most vulnerable. Food will be taken from children. Our courts will be harmed. Many will be forced into homelessness. Currently we annually pay $1 trillion in interest on our national debt. Our economy interest rates are going up as our creditworthiness declines! Future generations will be forced to deal with a national deficit nearly twice its current $36 trillion size. I can see the current deficit growing to $69 trillion by 2036, and then there will be $3.6 trillion of annual interest on that accumulated national debt. The CBO softballs future inflation rates (2%). The CBO softballs future interest rates (3.5%). I call BS. Let us take a look at more credible drivers, like the current interest rates gradually increasing from the current 4.91% to 5.8% and the current 2.3% inflation growing to 3%. It was the CBO that told us the 2017 TCJA tax bill would be deficit neutral and now we find out that it costs us $4.6 trillion over the next 10 years. And they want to make that tax cut permanent. Over my dead body. https://hotbuttons.substack.com/p/the-25-trillion-annual-deficit-plan?r=3m1bs

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Jade Fox Hall's avatar

Used to think Quora was a good place to go but apparently not if you want to post something that people besides those who already agree might see it. Sorry Quora, you lost me🤬🤬🤬🤬

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