Tax Cuts and Fiscal Consequences

This chapter examines the ramifications of a significant tax cut bill from the Trump administration, projecting a $4 trillion increase to the U.S. deficit over the next decade. It discusses the interplay between national debt, the bond market, and political dynamics, including Elon Musk's surprising shift in support. The conversation highlights the complexities of U.S. fiscal policies, their impact on social programs, and the challenges of maintaining fiscal responsibility amidst evolving political landscapes.

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