IPFS News Link • Economy - Economics USA
Here Comes The Yield Shock---The Beltway Borrowers Are Going Berserk
• arcleinImplicitly, that $15 trillion of new red ink also includes funding the $2.5 trillion per year entitlement sector that the deal leaves untouched and on automatic pilot; and also straining out the rest of the Kentucky windage embedded in the CBO baseline. That is, "expiring" tax breaks that always get "extended" at the last minute and future year spending "cuts" that always get deferred before they happen.