big ooof and getting bigger
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High interest payments are a good thing. The best way to show voters government spending is too high.
Interest payments to bond holders are also taxed. For every $100 of interest government treasury claws back at least $20.
Government punishes their lenders. I am not sure if foreign bond holders get taxed like American bond holders.
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It's impressive to me how much difference such a "small" cut would already make
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150 bp is a bigger cut than we’ll likely see though
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