we would amend the house product. Uh I encourage them to amend it as uh lightly as possible. They went uh a little further than uh than than many of us would have preferred.But we have the product now. We are going to try to to to to uh answer all those concerns and get this bill delivered on time as we expected and hope from the very beginning. So a lot of work ahead, but that's that's the job.So we'll get it done. All procedural and legislative options are on the table. Do you expect the entire caucus to ...

US Debt/Deficit - US "deficit/debt bomb"问题需要两党合作才能可持续解决 [1]

Fiscal Policy & Debt Management - A large debt/dollar crisis can be prevented by cutting the budget deficit to approximately 3% of GDP [1] - A mix of tax revenue increases and spending decreases is required to sustainably deal with the deficit/debt problem [1] - A balanced approach, such as a 4% increase in tax revenue and a 4% spending cut, would improve the supply/demand balance for US debt [1] - Lower interest rates, resulting from the improved debt supply/demand balance, would help reduce the budget deficit and benefit markets and the economy [1] Political Challenges - Political promises of "no tax increases" and "no benefit cuts" are inconsistent with the need to reduce the budget deficit [1] - Political absolutism prevents representatives from pursuing a balanced approach to deficit reduction [1]

There is no way that the US “deficit/debt bomb” problem can be sustainably dealt with unless there is a bipartisan approach, Ray Dalio wrote in a post on X https://t.co/Be8fGxPDeS ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the **China Economic Outlook** for 2025, highlighting macroeconomic trends and forecasts by **Goldman Sachs**. Core Insights and Arguments - **2024 Growth Achievement**: China successfully met its growth target of "around 5%" in 2024, primarily driven by exports and related manufacturing investments [7][10]. - **2025 Growth Forecast**: The growth forecast for 2025 is set at **4.6%**, slightly above consensus expectations. This is attributed to a cautious outlook on real GDP growth due to challenges such as demographics, debt, and de-risking [9][10]. - **Inflation Projections**: Inflation forecasts for 2025 are notably low, with **CPI expected at 0.0%** and **PPI at -2.4%**, both below consensus expectations [10][64]. - **Fiscal Deficit**: The augmented fiscal deficit is projected to widen by **2.4 percentage points of GDP** in 2025 compared to 2024, indicating increased government spending [10][70]. - **Trade Dynamics**: The report anticipates that elevated US tariffs on Chinese goods will negatively impact GDP growth, although growth in exports to other countries may provide some offset [10][19]. - **Monetary Policy**: Further cuts to the reserve requirement ratio (RRR) and policy rates are expected in Q4 2025, alongside an appreciation of the Chinese Yuan against the US Dollar [10][34]. Additional Important Insights - **Export Trends**: Chinese nominal exports to the US have significantly declined, while exports to other economies have increased, indicating a shift in trade dynamics [22][25]. - **Consumer Sentiment**: The labor market has weakened, and consumer sentiment remains depressed, which could impact domestic consumption [48][51]. - **Property Market**: There is ongoing weakness in the property market, with demand for new homes expected to stay low, posing risks to economic stability [54][61]. - **Policy Support**: Ongoing and planned policy easing measures are expected to favor technology and high-quality growth, although implementation challenges remain [76][82]. Conclusion - The report presents a cautious yet slightly optimistic outlook for China's economy in 2025, emphasizing the need for policy support to navigate existing challenges while highlighting potential growth areas in technology and exports to non-US markets.

Economic Concerns & Political Implications - The increasing national debt and deficit are perceived as potential drivers towards socialism [1] - The failure of the "American dream" promise, specifically regarding college education leading to income and stability, is fueling discontent [2] - Unrestricted access to capital inflated education costs, leaving many young Americans with substantial debt and limited job prospects [3] - 32 million young Americans struggle to afford their bills and are trapped in a debt cycle [4] - This situation leads individuals to seek government intervention and redistribution of wealth [5][6] - A majority of voters in a deeply indebted situation could lead to a tipping point, favoring socialist policies [6] - Historically, embracing socialism to escape debt cycles has not proven successful in various countries [7] Generational & Demographic Trends - Young, college-educated white individuals are identified as a key demographic supporting candidates with socialist leanings [8] - Zoran won 61 to 39 with college educated [8] - This trend is viewed as the beginning of a wave with potentially concerning implications for the future of America [9]

Turning back to the markets now where the S&P really close to its all-time high once again. My next guest says he was surprised how quickly the market has rebounded since the tariff announcement and warns it doesn't make sense to be back here. Joining us is Vahhan Janjigian, the chief investment officer at Greenidge Wealth Management.Vahan, welcome to you. What doesn't add up for you here. Hi, Kelly.Um, so in my opinion, the market has bounced back largely because President Trump has backed off on the tarif ...

[Music] The problem we have is we're on an unsustainable path in terms of the deficit and the debt and the bill that's working its way through Congress makes it much worse. Um, you know, you can have a debate as to whether you're adding three or$6 trillion dollars to the debt. Whichever end you're at, it's too much.I don't think that the notion that was done in 2017 should be in place for all time is correct. I understand the concern people have that this wouldn't be a great time to raise taxes. It's not a ...

RT Gunther Eagleman™ (@GuntherEagleman)🚨 Just surpassed $37,000,000,000,000.00 in debt.Something has to change. https://t.co/wNR4sm1QCC ...

Look, the better thanex expected inflation reports now have people thinking core PC is going to be like a tenth at the end of the month. It's extraordinary. And stocks have come roaring back to all-time highs.But my next guest says most people are still too overweight on equities. Let's bring in Rich Weiss. He's the chief investment officer of multi-asset strategies at American Century Investments, which has a cool 272 billion in assets under management.Uh Rich, it's great to have you here and and you're st ...