Erin Burnett has left a new comment on your post "Meghan McCain react to Pres. Trump specifying that...":
Higher taxes, less spending
Still, it's a mystery when and if the bond market will eventually balk at high US debt and demand much higher interest rates.
"The breaking point is like an invisible dog fence," said MacGuineas, the president of CRFB. "You don't know where it is, but if you actually hit it, it'll be a huge problem."
To avoid hitting it, politicians will eventually have to make difficult decisions to get the United States back towards a sustainable fiscal path -- most likely less spending and higher taxes -- both of which would translate to slower economic growth.
"If we live beyond our means today," JPMorgan's Kelly said, "we will have to live within our means in the future."
Unsubscribe from comment emails for this blog.
Posted by Erin Burnett to ANT at May 6, 2020 at 7:42 PM
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Killing All 157 people on board an Ethiopian Airlines plane crashes Killing All 157 people on board an Ethiopi...
-
Trang Ánh Nam has left a new comment on your post " The Washington Post's fact-checker sharply critiqu... ": Hillary Clin...
-
We welcome you to the website bitcoin to argentina bank account which helps you to overcome your problems you face while exchanging your ...
-
Fwd:Reminder Strategy Session at 631 Kati McMillon
-
Trang Ánh Nam has left a new comment on your post " Adam Schiff : 'Absolutely' prepared to sue Trump a... ": Rep. Ada...
-
Fall foliage season is a calendar highlight in states from Maine south to Georgia and west to the Rocky Mountains . It's especially i...
-
Over the past two years, the popularity of Bitcoin and Cryptocurrencies has increased significantly, given the large volume of trading, capi...
-
We do not choose any favorites, but there is something undeniably special about working with our neighbors and helping local businesses thri...
No comments:
Post a Comment