JPM's turn to share some purely philosophical thoughts on the shape of future US income and spending, which as we learned yesterday could balance only if the US grows for 10 years at a 3% growth rate, something it has never done, while slashing nearly $4 trillion in in spending, something else it has never done.

"Despite this week’s budget proposal, legislative changes that would reverse debt growth look unlikely to us." Translated: US debt is never going down again.

http://www.zerohedge.com/news/2017-05-25/jpm-us-debt-never-doing-down-again

As long as Trump builds his Mexican Border Wall. This way Mexico will be protected from the poor white trash of the north trying to leave for better pastures.

The Dems were smart. Divert the close down of government from September to December. This way the climate catastrophes can't be used as political weapons in negotiations over the debt ceiling by Trump.

And Trump agreed !