US Budget Deficit Will Lead To A 30% Market Crash

According to CNBC, there’s a ‘$2 trillion’ mystery in the Trump administration’s budget. This ‘mystery’ is a windfall $2 trillion in additional tax revenue that policymakers believe will materialize thanks to the budget’s proposed tax cuts. By using a process called “dynamic scoring” officials estimate Trump’s proposed cuts will lead to sustained economic growth of 3% per annum, generating as much as $2 trillion in extra tax revenue over the next decade.

Whether or not this $2 trillion fiscal boost will ever materialize is up for debate but according to analysts at Bank of America, no matter what the outcome of the tax reform process, the US Treasury is underfinanced by anywhere between $2 trillion to $4.5 trillion over the...