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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: roto who wrote (91708)	5/21/2025 10:30:06 PM
From: ajtj99	Read Replies (1) \| Respond to of 97466

How do you reconcile that with 47's idea to make anyone who makes below $150K not have to pay income taxes? Everyone thinks Reagan cut taxes, but he oversaw the largest tax increase in decades in his 2nd term. Of course, President Cheney famously said, "Reagan proved deficits don't matter." In 1982 maybe they didn't, but they sure do this century! I think the US went from something like 106% of GDP deficit in 1945 to 25% or so in 1981. We're above 106% now, but there is no way we'll ever tighten the belts like we did in 1946-1980. Between inflation and taxes, the deficit dropped over 75% as a percentage of GDP in that time. Today, the only way to make that happen is to inflate it away, and bonds know this.