Thread

10-year Treasury yield climbs above 5.3% to a level not seen in 24 years

122 points · 193 comments · kaycebasques

valleyer · 1790820524 · focus · HN ↗
Oy. I'm no fiscal conservative, but the US federal government absolutely needs to balance its budget. Otherwise, it's bound to either choke on interest payments, devalue the dollar, or both.
Unlike most Trumpists, I see the the problem as a revenue issue, not expenditures; unlike many non-Trumpists, I doubt "tax the rich" is going to be enough to plug the hole.
Government healthcare payments would be a good start -- it seems likely that the amount most employees already (effectively) pay for health insurance could fund equivalent government coverage with some money left over to help pay for other government expenses.
1. sethops1 · 1790822261 · focus · HN ↗
  Taxing the rich would easily be enough to plug the hole, and it wouldn't even affect them in a meaningful way.
  <a href="https://m.youtube.com/watch?v=AmzadQE9UD4&pp=ygUKQmlsbGlvbmFycw%3D%3D&ra=m" rel="nofollow">https://m.youtube.com/watch?v=AmzadQE9UD4&pp=ygUKQmlsbGlvbmF...

Unofficial Hacker News client; not affiliated with Y Combinator.