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Those asset sales will cause massive ETF redemptions on the part of the investing public, which will send individual stock prices plummeting and push ETF prices into a death spiral.
Therefore, we should all be fully aware where all the inflation created by central banks ended up.
Now we hear rumblings of a higher tax bracket; this may get the support of some Democrats, but the truth is there are not enough one-percenters to make the numbers work.
Revelation Numbers The federal budget deficit widened in the fiscal year 2017 to the sixth highest on record, creating a budget shortfall of 6 billion.
That is up billion, or 14%, from the fiscal year 2016.
read more The federal budget deficit widened in the fiscal year 2017 to the sixth highest on record, creating a budget shortfall of 6 billion.
The overspend resulted primarily from an increase in spending for Social Security, Medicare, and Medicaid, as well as higher interest payments on the debt due to rising rates that drove up outlays to trillion, which was 3% higher than the previous fiscal year.
And since there are still some remnants of the fiscal hawks in Congress, Republicans are in a frenzy to find new revenue opportunities to get the necessary votes; in search of an elusive "sacred cow" that isn't that sacred.