‹ BackHN Continuity

Thread

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

122 points · 193 comments · kaycebasques

  1. valleyer · · 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. adgjlsfhk1 · · focus · HN ↗
      A reasonable capital gains would also solve the problem. the idea that money you don't work for gets taxed less than money you do is absurd
Open on Hacker News to reply ↗

Unofficial Hacker News client; not affiliated with Y Combinator.