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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://shitposter.world/objects/5c55cb4e-f73f-4609-9a33-01f422855899">That Would Be Telling (thatwouldbetelling@shitposter.world)'s status on Monday, 26-May-2025 05:56:40 JST</a><a href="https://shitposter.world/users/ThatWouldBeTelling" title="thatwouldbetelling@shitposter.world"><img src="https://gnusocial.jp/theme/gnusocialjp/default-avatar-stream.png" width="48" height="48" alt="That Would Be Telling" style="position: absolute; left: 0; top: 0;">That Would Be Telling</a><div><a href="https://shitposter.world/objects/570d6b90-1dba-42ca-8e56-94d0c77f03cb" rel="in-reply-to">in reply to</a><ul><li></ul></div></section><article><p>Next, the deficit, but first someone in Instapundit comments credibly claimed compared to 2019 we're paying half a trillion more per year in interest on the Federal debt (see first link for some clues to that).  Three ways out of that, I suppose at best we'll do all of them: inflation, economic growth, and lower interest rates.  The latter is potentially explosive because "Biden" sold a lot of short term debt even when rates were very low.</p><p>OK, Miller says it's (very partisan I say) CBO math to count keeping the 2018 "tax cuts" increases the deficit.  Here you must first remember the CBO does "static accounting," assumes tax rate cuts don't change behavior, in a tax regime which is very explicit about changing a lot of behavior.</p><p>So where are we on the Laffer Curve?  Which is a very real thing, I watched my father's business behavior change a lot after Reagan's tax rate cuts took effect, and we curse Reagan for giving the Federal government a lot more money.</p><p>On the other hand, we have to see how the SALT debacle plays out, or if it's even "big money" in the scheme of things.  State and Local Tax Deduction, Red state residents subsidize the Blue state ones by letting them deduct those from their Federal income.</p><p>I was amazed in 2017 when this was capped at ten thousand, but (thanks to comprehensive Democrat vote cheating) the House has a razor thing Republican majority and the BBB will be vetoed by the ten or so Blue state reps unless the limit is removed or significantly increased.  But here you'll need to do the numbers, not to mention see how the sausage is further processed in the Senate.</p><p>The rest looks fine except for "The only funding in the bill is for the President’s border and defense priorities" and I wonder how that passes reconciliation rule muster ... but in any case we have to see how this plays out in the Senate anyway.  Like, does the Senate Parliamentarian play ball?   Does she want to keep her job?</p><p>The history is weird, one Robert Dove was fired twice from the position, to be replaced by the same Allen Frumin twice :cirnothinking: </p><p><a href="https://en.wikipedia.org/wiki/National_debt_of_the_United_States#Recent_statistics">https://en.wikipedia.org/wiki/National_debt_of_the_United_States#Recent_statistics</a></p><p><a href="https://en.wikipedia.org/wiki/Laffer_curve">https://en.wikipedia.org/wiki/Laffer_curve</a></p><p><a href="https://en.wikipedia.org/wiki/Parliamentarian_of_the_United_States_Senate">https://en.wikipedia.org/wiki/Parliamentarian_of_the_United_States_Senate</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/5102679#notice-10008942">In conversation</a><time datetime="2025-05-26T05:56:40+09:00" title="Monday, 26-May-2025 05:56:40 JST">about 3 days ago</time> <span>from <span><a href="https://shitposter.world/objects/5c55cb4e-f73f-4609-9a33-01f422855899" rel="external" title="Sent from shitposter.world via ActivityPub">shitposter.world</a></span></span><a href="https://shitposter.world/objects/5c55cb4e-f73f-4609-9a33-01f422855899">permalink</a><h4>Attachments</h4><ol><li><article><header><img height="1" width="1" src="https://gnusocial.jp/thumbnail/1756853?w=1&amp;h=1"><h5><a href="http://behavior.So/">Behavior Sales</a></h5><div></div></header><div>Improve Sales Conversions &amp; Shorten Sales Cycles By Using Personality Intelligence To Connect With People Faster.</div><footer></footer></article></li><li><article><header><div>Domain not in remote thumbnail source whitelist: upload.wikimedia.org</div><h5><a href="https://en.wikipedia.org/wiki/National_debt_of_the_United_States#Recent_statisticshttps://en.wikipedia.org/wiki/Laffer_curvehttps://en.wikipedia.org/wiki/Parliamentarian_of_the_United_States_Senate">National debt of the United States</a></h5><div></div></header><div>The "national debt of the United States" is the total national debt owed by the federal government of the United States to treasury security holders. The national debt at a given point in time is the face value of the then outstanding treasury securities that have been issued by the Treasury and other federal agencies. 
Related terms such as "national deficit" and "national surplus" most often refer to the federal government budget balance from year to year and not the cumulative amount of debt held. In a deficit year, the national debt increases as the government needs to borrow funds to finance the deficit. In a surplus year, the debt decreases as more money is received than spent, enabling the government to reduce the debt by buying back Treasury securities. Broadly, US government debt increases as a result of government spending and decreases from tax or other funding receipts, both of which fluctuate during a fiscal year. The aggregate, gross amount that Treasury can borrow is limited by the United States debt ceiling.
There are two components of gross national debt:"Debt held by the public" – such as Treasury...</div><footer></footer></article></li></ol></footer></blockquote>

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That Would Be Telling (thatwouldbetelling@shitposter.world)'s status on Monday, 26-May-2025 05:56:40 JSTThat Would Be Telling
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- That Would Be Telling
Next, the deficit, but first someone in Instapundit comments credibly claimed compared to 2019 we're paying half a trillion more per year in interest on the Federal debt (see first link for some clues to that). Three ways out of that, I suppose at best we'll do all of them: inflation, economic growth, and lower interest rates. The latter is potentially explosive because "Biden" sold a lot of short term debt even when rates were very low.
OK, Miller says it's (very partisan I say) CBO math to count keeping the 2018 "tax cuts" increases the deficit. Here you must first remember the CBO does "static accounting," assumes tax rate cuts don't change behavior, in a tax regime which is very explicit about changing a lot of behavior.
So where are we on the Laffer Curve? Which is a very real thing, I watched my father's business behavior change a lot after Reagan's tax rate cuts took effect, and we curse Reagan for giving the Federal government a lot more money.
On the other hand, we have to see how the SALT debacle plays out, or if it's even "big money" in the scheme of things. State and Local Tax Deduction, Red state residents subsidize the Blue state ones by letting them deduct those from their Federal income.
I was amazed in 2017 when this was capped at ten thousand, but (thanks to comprehensive Democrat vote cheating) the House has a razor thing Republican majority and the BBB will be vetoed by the ten or so Blue state reps unless the limit is removed or significantly increased. But here you'll need to do the numbers, not to mention see how the sausage is further processed in the Senate.
The rest looks fine except for "The only funding in the bill is for the President’s border and defense priorities" and I wonder how that passes reconciliation rule muster ... but in any case we have to see how this plays out in the Senate anyway. Like, does the Senate Parliamentarian play ball? Does she want to keep her job?
The history is weird, one Robert Dove was fired twice from the position, to be replaced by the same Allen Frumin twice :cirnothinking:
https://en.wikipedia.org/wiki/National_debt_of_the_United_States#Recent_statistics
https://en.wikipedia.org/wiki/Laffer_curve
https://en.wikipedia.org/wiki/Parliamentarian_of_the_United_States_Senate
In conversationabout 3 days ago from shitposter.worldpermalink
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1. Behavior Sales
  Improve Sales Conversions & Shorten Sales Cycles By Using Personality Intelligence To Connect With People Faster.
2. Domain not in remote thumbnail source whitelist: upload.wikimedia.org
  National debt of the United States
  The "national debt of the United States" is the total national debt owed by the federal government of the United States to treasury security holders. The national debt at a given point in time is the face value of the then outstanding treasury securities that have been issued by the Treasury and other federal agencies. Related terms such as "national deficit" and "national surplus" most often refer to the federal government budget balance from year to year and not the cumulative amount of debt held. In a deficit year, the national debt increases as the government needs to borrow funds to finance the deficit. In a surplus year, the debt decreases as more money is received than spent, enabling the government to reduce the debt by buying back Treasury securities. Broadly, US government debt increases as a result of government spending and decreases from tax or other funding receipts, both of which fluctuate during a fiscal year. The aggregate, gross amount that Treasury can borrow is limited by the United States debt ceiling. There are two components of gross national debt: "Debt held by the public" – such as Treasury...

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