Will bond vigilantes force the hand of the US government to finally curb spending?

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10y up to 4.59

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Poor SVDTiger.

Nobody except everybody but him saw this coming.

People should stop buying treasury bonds no matter the rate to force spending cuts.

Would possibly be an effective form of protest on out of control govt spending

Spending Bill being pushed is a massive increase on spending. The funny math being used to justify it going through reconciliation is laughable.

At this point the only thing to turn this ship is to let the tax cuts expire

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What if we allowed deflation to happen?

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It doesn’t need to deflate, but wages desperately need to catch up to cost of living. What we’ve been doing isn’t sustainable. If we don’t course correct the people are going to start electing (or backing in less democratic arenas) even more extreme figures (policy-wise) than we’ve seen thus far.

We need cuts to spending.

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At this point the only thing to turn this ship is to let the tax cuts expire

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Letting the TCJA expire wouldn’t address the primary drivers of our deficit (entitlements), so no, it wouldn’t “right the ship”.

Where is the money talk board getting this idea that our debt levels are elevated due to tax revenue not being sufficient?

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Another leading progressive myth is a reflexive tendency to blame virtually all budget deficits on Republican “tax cuts for the rich.” The budget math shows otherwise. Between 2000 and 2023, Washington’s annual fiscal position declined by 9.8% of GDP (from a 2.3% of GDP budget surplus to a 7.5% budget deficit).[21] This decline was driven by annual spending rising by 6.3% of GDP; the bursting of the 2000 revenue bubble, which reduced long-term revenues by 1.5% of GDP; and tax cuts costing 2.0% of GDP. Furthermore, more than two-thirds of the benefits from those tax cuts were distributed to middle- and lower-income families. That means that “tax cuts for the rich” have cost the federal budget 0.6% of GDP since 2000, out of a 9.8% of GDP shift from annual budget surpluses to deficits. Spending increases, economic factors, and tax cuts for the non-wealthy account for the remaining 9.2% of GDP fiscal decline (see Figure 6).

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No. Austerity would blow out the deficit/gdp. Cap gains are the marginal driver of receipts in a highly financialized economy like ours. Austerity=tax receipts down, transfer payments up, deficit to gdp up.

There's only one way out, inflation. Bessent went on TV and told you so last Sunday. Trump told you when he rug pulled Doge. And Congress told you when they passed the tax bill last night.

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but wages desperately need to catch up to cost of living.

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What's the solution?

I don't want to be sitting here making a low/middle class income of 200k in 20 years. That's just stupid.

There are multiple ways to fix our issues.

- More jobs equals more taxes collected. Even if taxes are lowered.

That means the economy has to thrive. Trump is addressing this side with tariffs and companies moving here. It will also raise wages.

- Removing illegals.

This current bill removes 1.4 million off of medicaid. It also creates a demand for workers and with requirements being added to getting medicaid, more people will drop off.

- tariffs themselves is more revenue.

- the cuts suggested by DOGE, who continues to work, will reduce spending.

- Congress has to start passing spending cuts.

This isn't going to be a sudden cut that some want. It will have to be with each budget for years to come.

Massie is a prime example of being stupid. It's not his goal that's at issue. It's his method of blowing it up due to the demand that he gets all of the cuts he thinks is needed. That the small wins and keep pushing. It all adds up.