Returning to the Old Normal

More GOP wishful thinking to avoid raising taxes.

“There’s nothing magic about the 40-trillion number,” Bessent said. “We can grow our way out of that.”

https://www.cnbc.com/2026/08/20/bessent-budget-deficit-trump.html

We’re still recovering from the aftermath of the 2008 financial crisis!

After roughly two decades of ultralow interest rates, a period of rapid readjustment is ahead for the United States

https://www.nytimes.com/2026/08/22/business/bonds-borrowing-costs-economy.html?unlocked_article_code=1.7VA.j52c.ErP_W_iHb6_f&smid=url-share

I’m going to cash in on Bessents’s short-term borrowing binge.