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Cigar Rights in America Discussion of smokers' rights in all 50 states.

 
 
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Old 09-21-2017, 11:59 AM   #5
BigO
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The bad news is that it is attached to a record breaking budget and a lot more debt just as the Fed is trying to reduce their holdings of government bonds, which is the primary way the government borrows money. That means there have to be tax increases or more money printed, further reducing it's value through inflation.

It's not a wise position to be in, but it will be politically popular until a bubble bursts and a deflationary period is called for, but unaffordable given all of the borrowing in the last recession. The only way to counter inflation is to. Raise interest rates and the government is in so much debt, that would make interest payments the single largest line item in the budget.

Yeah, it's a victory for the cigar community, but it isn't much good for the nation at large.
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