Stop digging!!!


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Posted by SagoBob on May 19, 2025 at 08:57:43

Rule #1 for getting out of a financial hole is just that.

Tax cuts or carve outs aren't gonna stop the digging. The downgrade, albeit slight, of our credit rating by Moody's should be a wake-up call, although it probably won't.

Trump's "big beautiful tax bill" needs a serious overhaul; the tax cuts in it need to be reexamined and reduced or eliminated. Other sources of income like taxes on carried interest and stock trading needs to be considered and levied.

Our stable economy and rule of law translates into being able to sell government debt at favorable rates. Lose those and you ain't seen nothin' yet.


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