We are still at part one of a five part, year long tax battle. All this horse manure about more spending is just horse manure. The battle is who pays for the mess. I notice the Biden also gave an interest rate reprieve for student loans. So most of the stimulus will be spent on tax cuts, it looks like. We will see the ten year at 1.4% soon, even before Krugman can say,'Rates are low'.
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