Thus back to your circular argument that prompted d08's 17th post in this thread. Congratulations on being consistent in your irrationality, at least. But on the macro level (which is your unrecognized starting point), you are still arguing that a nation that can't afford its debt payments, should issue more debt. Having gone the whole route 'round, I'm done.
No! I don't want more debt at all. I think there are other methods of stimulating an economy. I don't think governments should get into more debt they can optimise their pension system or make their own money. Read my recent article linked below. http://morganisteconomics.blogspot.com/2020/03/budget-problems-and-solutions.html
Ok but don't care ... not here to defend FEMA. Starting to feel a little uncomfortable here Tom ... Who is this Gummint of which you speak ?
%% Sarcastic spelling of gov...............................That is a silly reason to cut taxes,LOL; but having noted that, any tax cut/limit gov is good. Jim Rogers , as matter of public record, may have helped the market more than any ''gov help''; he said its a buy week??
Gummint artificial meddling, rate cuts QE bs artificially propped up markets. Temporarily. That's why I called a mkt top here publicly Jan 24, since TVIX 1yr high volume told me selloff was coming. Govt meddling in the market usually ends badly. Forecast dead cat bounce Mon-Tue, and unless MRNA or GILD produces virus cure, continued selling end of week as death toll climbs. And look at gold short etfs DUST JDST today.... wow