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To: yard_man who wrote (153093)	1/29/2021 12:21:00 PM
From: Jamie153	1 Recommendation Recommended By towerdog Read Replies (2) \| Respond to of 219159

Cutting government is always the solution to those who used government debt to transfer wealth from the treasury to the rich. Jamie Dimon did an interview on CNBC and was asked about the price tag of the tax cut he and his company just got and he strongly advocated. At the time it was $1.5 trillion, now it's $1.9 trillion and rising. He said we need to cut programs to pay for it. So he and his company get billions even though they didn't need a penny of it and the rest of are consigned to spending cuts? This is the world we live in. The rich are so used to getting money from the government they think they're entitled to it. We had balanced budgets under President Clinton. He gave us the largest tax increase in history and undid a good portion of Reagan's free money. His tax increase worked. Reagan's tax cut didn't. And yet, republicans can't stop cutting taxes.

To: yard_man who wrote (153093)	1/30/2021 10:02:23 AM
From: SGJ	1 Recommendation Recommended By rxbond Read Replies (1) \| Respond to of 219159

I agree that the government is too big and wasteful. The deficit though is very affordable, simply because rates are so low. Rates on a 10 yr are 10x lower now than they were 30 years ago. Just like you can afford more debt to buy a bigger house now, so can the government. Its just that instead of buying a house, the government finances charity giveaways to other countries so politicos can get their kickbacks and other such nonsense. Believe me, if the national debt were such a risk aversive negative, no one would be buying all the T bills up at these low rates.