Just 2 months before the election and both candidates are trying to outdo each other with massive spending and tax break proposals.
Obviously both tax breaks and spending are the two means of increasing the massive deficit. And there's a vicious competition going on to see who can increase the defecit the most.
Republican Deficit Increase proposals:
1. Massive Corporate tax cuts.
2. Unspecified tax cuts promised to billionaire donors.
3. The government pays for all In Vintro Fertilization treatments.
4. Free On Line College for everyone.
5. Ending taxes on tips and on Social Security.
6. Open eneded government payouts for child support (what kind unspecified.)
Democrat Deficit Increase proposals
1 Massive tax break for middle class and working class families
2. Free Community College for everyone.
3. Ending taxes on tips.
4. Government payouts for anyone starting a small business.
5. Child support tax breaks.
I'm sure there'll be alot more Deficit Expansion Proposals as we go along.
So the only thing that is sure is that the Government spigotts will be wide open no matter who wins. And as rate are sure to remain somewhat elevated (above the zero bounds of the past) so will Interest Payment on the ever expanding Government Debt.
And now that China is no longer buying our debt - in fact nobody is buying our debt but us and the Fed - the value of the dollar in relation to Gold and all Hard Assets is bound to fall precipitously.
Both candidates for President guarantee it.
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