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Will we soon live within our means? Only time will tell.
Kelly Evans: The deficit is down big
But the deficit is down $109 billion (15%) from a year earlier. Tariff revenue is $90 billion.
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It’s also a good example of how tariffs, like all taxes, are actually a tight money policy, and that Trump isn’t crazy at all for jawboning the fed hard.
Tarrifs plus student loan collections plus rates remaining high plus Aca subsidies lapsing etc etc etc. Are all tight money and a brake on the economy. No stimulus to overcome it.
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Sic transit gloria mundi (so shut up and get back to work)
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