The oil is too low to keep the frackers robust. That would be the Saudi effect.
This is a point where we could pause and thiuk about keeping these numbers. No one wants another jump in interest costs. Janet worries about that growing Fed tax effecting fiat banking. The senators a bit shaken with the 250 billion/yr hike in interest costs..
If I were not an anarchist, I would going with Janet Yellen here, and working a tax deal. Biden's got one more shot, ram Janet' tax proposal through Congress before the 2020 campaign, otherwise we are stuck in tax battle.
Janet needs to talk with the senators about revenue sharing, significant, up around a hundred billion per year. That is a great trade for that tax increase. Let us finally liquify the earmark, and get efficiency out of government.
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