John E Deaton
John E Deaton|Apr 24, 2025 13:43
The Hard Truth: Hate him or love him - it doesn’t matter. Bannon is correct about a couple things here: 1) The Bond Market is what matters most and it forced the administration’s hand. You can’t refinance trillions in debt with the 10 year over 4.5%. 2) The math doesn’t work. You can’t make the Trump tax cuts permanent for everyone AND implement no taxes on tips, no taxes on OT, and no taxes on SS payments. The 150B in fraud, waste and abuse that’s been found is a rounding error when operating a 2T per year deficit. All paths lead to 💴 🖨️
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