by Kane » Wed Dec 20, 2017 5:29 pm
Meh, the spending side really doesn't irk me that much. We control our currency, it's in high demand, blah blah blah. The Republicans took that up under Obama and the Dems are taking it up now. Debt to GDP in Japan is twice what it is in the US and it doesn't seem to be affecting them all that much. The US suffering something catastrophic is really the only way the dollar/UST could be affected acutely in a fashion that's largely detrimental to the economy ala Greece.
It's the opportunity cost that has to hurt the most. Just squandered an unnecessary sum on supply side economics when it's more demand side that needs help today. Infrastructure would've given back bigger dividends than this bill and it's an investment that lasts decades as opposed until 2025. Plus you'll soon have the GOP up in arms about the debt/deficit again in an effort to gin up demand for entitlement reform.
It's just plain dumb as a long term strategy towards growth. It has built in gimmicks that businesses will look at and determine there's no real way to plan for the future five or ten years out because of the tentative nature of the bill. It doesn't add stability to anything except for profits. Expensing tax free for five years doesn't do anything if a given business makes the determination that it makes more to sense to plan for expensing into the next decade.
I look at the market today and I wonder if people thought the final bill would be...better?