What did they sneak through last night?
A spending bill +billions more than last time (surprise!)
It passed overwhelmingly
This was the Senate passing what the House already passed. It’s the spending bills for 4 areas. Another 6 to come.
Regardless of that, people, we are going to have to come to accept that there is no solution. Spending is over $6T and taxes about $4T for a deficit of $1.8T this Fiscal Year.
There is no fix for this. This is not residual Covid funding and there is no swaggering growth in GDP that is going to raise tax revenue.
GDP is an equation and part of that equation is the parameter G, which stands for government spending. GDP is about $25T. With govt spending at $6T, it’s a substantial portion of the total. Cut it and you cut GDP.
That’s just math. Math ALWAYS takes precedent over ideology.
There is no solution. Buy farmland. Not stocks.