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Iowa | Stock market is a reaction to the drug of government spending with the reality that the party’s gonna end sprinkled in occasionally.
Market knows it’s in trouble - government deficit at 6% of gdp and economic growth around 2% means were borrowing to lose gdp. That borrowing is eroding the purchasing power of every American - which further slows the economy. This year debt service is the number 1 item of the budget, and social security is insolvent in 10 years. The band is playing and they’re kicking ice chunks off the deck of the titanic, but it’s pretty obvious she’s going down. | |
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Trump dealgoing forward....
