Thursday, March 06, 2025

I love it when I listen to progressives in the investment community bemoan the #DOGE cuts to government as something that will collapse the economy and the markets.

But here's what will collapse the economy: Mounting debt and deficits. That is $37 trillion in debt and counting- Charles Gasparino | Facebook
  • Yes, it will slow things down as we reduce spending on garbage like trans dance festivals and the vast federal bureaucracy of jobs that any company would have downsized decades ago. 
  • When we make cuts to entitlements--and yes they will be coming-there will be some pain. That is until we reap the benefits of smaller government: Less debt, and more accountable government, less spending and less need for taxes AND tax cuts. 
  • Deporting migrants means fewer people tapping into Medicare and Medicaid...
We were heading for a showdown with the bond market and you never want the market to impose it's brand discipline on the size of government; that's when you truly have Armageddon...

No comments: