In the meantime lets get you caught up where we stand. Yesterday the markets had a rebound. The dow was up by over to 230. Volatility is back at least for a few days. Dow is down by almost triple digits decline of 96 points below fair value. Nasdaq down by 24 and s p down by over 30. Overnight in asia the nikkei stabilizeed a bit after the big losses it posted the day before catching up with what we had seen on friday. Right now you see nikkei closed up by 56 points. Shanghai composite was flat. In the early trade in the european be markets youll also see that the dax is higher up by by. 4 . Were also watching oil prices today. The International Energy Agency Cutting its forecast for global oil demand, the iea is citie ii wobbling asian demand and its taking prices down. Wti down by 2. 5 . Decline of over 1 to 45. 17. Some other headlines. Goldman sachs now cutting the odds of fed rate hike next week to 25 from 40 porjsly. The firms call came after fed governor brainard caused against
That means youre going to raise taxes 300 billion, does it not . Those are one time transitional revenues. They will come from increased taxes, so you couldnt afford this spending . They are one time. And that is why we have chosen to the infrastructure. With regard to the interest on the debt, its astounding to me, your own budget projects, all in these numbers projects, that we would we spent last year 223 billion on interest which is a huge sum for which we get nothing. Your budget projects that we would go to 812 billion in one year annual Interest Payment in 2024. Does that not threaten the financial future of american . I agree with you, Interest Payments are not the most impactful way that we can use our dollars, our tax dollars for the nation. Thats what we need to be on a path to a decline debt to gdp ratio and a decline deficit to gdp ratio. Not a way of raising money but it gets no real benefit, right . To pay interest on the debt. Our budget decreases the amount of interest
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