$5000 bounties for voting Republican in the midterms floated by Trump
A $1 trillion fiscal stimulus— in an environment of high debt, high interest rates, and high upside risks of inflation— with no forward-looking incentives at all, no possible supply-side effects, in the overt service of vote-buying.
"Yields on US government bonds rose to fresh multiyear highs as oil prices extended their surge, prompting traders to add to bets that the Federal Reserve will raise interest rates as soon as next week."
Treasury yields rose to a spate of new multiyear highs as the commencement of Treasury Secretary Scott Bessent’s repurchase program failed to soothe investors. Two-year Treasury yields edged higher to 4.535%, above Wednesday’s two-year high. Ten-year yields tacked toward the 5% mark, rising to 4.927%, their highest level since November 2023. Yields on 30-year bonds rose to 5.352%—their highest level since June 2007.
Reeks of koriwhatism. "DON'T CALL ME A REPUBLICAN!!"
Trump is egging on a market crash, hope he doesn't succeed
US BUDGET DEFICIT AT $1.97T FOR FIRST 11 MONTHS OF FISCAL YEAR
* U.S. TREASURY'S BESSENT: TREASURY'S BOND BUYBACK INTERVENTION WAS SUCCESSFUL
Bessent on Trump's $5K check promise--which would likely cost over $1 trillion if made real--says "I believe there are ways to do it that are, would not affect the deficit."Update: Bessent on how Trump can promise $5K checks without deficit impact: "I'm not ready to discuss it at present. But at Treasury, we've been working on it for quite a while."
we're ruled by literal clowns
* U.S. TREASURY'S BESSENT: AT DEFICIT-TO-GDP RATIO OF 3%, WE CAN START TO PAY DOWN DEBT
[current ratio: 5.3%]
@reuters.com
record non-COVID deficit, zero fiscal discipline
https://reason.com/2026/10/09/the-fe...t-since-covid/The federal budget deficit totaled nearly $2 trillion for the fiscal year that ended on September 30—the third-largest in American history, trailing only the two deficits recorded during the COVID-19 pandemic.
The fiscal year totals released Thursday by the Congressional Budget Office (CBO) paint another bleak picture about the state of the federal budget. That near-record deficit occurred despite tax revenue increasing by about 3 percent year over year. The federal government collected more than $5.4 trillion in taxes during the past fiscal year.
However, the government spent about $7.4 trillion, a 6 percent increase from the year before. That's why the deficit widened.
time for Republicans to care about the debt and the deficit again
so predictable
And blame democrats for ittime for Republicans to care about the debt and the deficit again
the beauty part of hypocrisy is having everything both ways
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