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To: Oldeconomybuyer
Folks, we’re talking big money here. That frustrates people who are budget hawks. Yes, $400 billion is a lot of money. What folks don’t seem to grasp is that amount of money amounts to approximately a 5% budget increase over ten years.

An $89 billion injection "changes a lot of votes," explained North Carolina Rep. Mark Meadows, the chairman of Republicans' arch-conservative Freedom Caucus and an opponent of the bill, hours before it passed.

And that figure, an important factor in securing the support of lawmakers from the Republican-heavy states of Texas and Florida, only accounted for the disaster-recovery portion of an agreement that clears the way for Congress to commit to an additional $400 billion-plus in deficit spending over the next decade.

With the tax cut stimulus, the federal tax receipts stand to increase as much as 100%, during that same period.

Unless I’m missing something, this IS NOT a bad deal.

7 posted on 02/09/2018 7:30:40 AM PST by DoughtyOne (01/26/18 DJIA 30 stocks $26,616.71 48.794% > open 11/07/16 215.71 from 50% increase 1.2183 yrs..)
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To: DoughtyOne
Unless I’m missing something, this IS NOT a bad deal.

$21 trillion debt + rising interest rates = train wreck

9 posted on 02/09/2018 8:31:12 AM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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