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Nothing has Changed: Libertarians losing their $hi+

Summary:
Wow the libertarian House Freakdom Caucus is really losing their shit (ALERT Art trained morons: Figurative Language, I mean they are exceedingly upset and irritated, not really having uncontrolled bowel movements...) over the Trump budget deal:The Freedom Caucus took an official position OPPOSING the budget agreement.Our country is rapidly approaching trillion in debt. We should be negotiating a responsible budget that serves taxpayers better—not raising spending by 3 billion with no serious offsets.— House Freedom Caucus (@freedomcaucus) July 24, 2019 Trump getting a lot of criticism from this disgraced libertarian faction of the GOP ... If that additional 0b over the two year cycle is just the discretionary thats another 0b per year AND another thing (a bit

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Wow the libertarian House Freakdom Caucus is really losing their shit (ALERT Art trained morons: Figurative Language, I mean they are exceedingly upset and irritated, not really having uncontrolled bowel movements...) over the Trump budget deal:


Trump getting a lot of criticism from this disgraced libertarian faction of the GOP ...

If that additional $300b over the two year cycle is just the discretionary thats another $150b per year AND another thing (a bit under-reported) about the 'Deal' is that it PERMANENTLY eliminates the 'Sequestration' cuts which was the only thing really threatening the big automatic appropriation transfer payment programs like Social Security, Medicare etc; which just based on the retirement demographics is going to create massive increases in leading fiscal flow over the next 2 years...

So Mike is currently tracking this year fiscal as UP 7.03% at a +$268B so far; we may be looking at realizing this same magnitude of fiscal increase (+7%, +$300b) for the next two years if they ink (ALERT Art trained morons: Figurative Language, I mean if they vote to approve the 'Deal', not really spilling ink on a piece of paper...) this thing next week...

Hopefully the 'Deal'  gets approval and appropriations to match and then they don't do anything else for 2 years... just do NOTHING else...  we then may be able to enter into a nice 2 year period of a sort of  'benign neglect' from these people...

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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