SALT
Scorpio Bulkers Inc.
stock NYSE

It's not the usual hard liners this time, you have a lot of factions threatening to block the bill; Moderates over medicaid cuts, high tax state people over SALT, etc.
The Republican party is much less unified than 2017/2018.
I think the best case scenario is we get an extremely watered down package that basically just extends the 2018 tax cuts but doesn't really do much.
>Trump wants to pressure the fed into low rates, and wouldn’t put it past him seeing he has already done that in the past.
He has no influence though. He's been whining for rate cuts since his inauguration and there hasn't been a single cut.
>Compared to China our debt is tiny, and Reddit keeps telling me they are superior to the US. Which leads me to an actual question, when do you think the debt levels become unsustainable?
When it is over 100% of GDP, and grows faster than GDP during peacetime. Interest on debt will consume more and more of our tax revenues the long we kick the can down the road.

Very unlikely the tax bill actually passes. I think the market is mistaken for pricing in that its going to pass. There's way too many Republican factions with conflicting demands, and not enough of a majority to overcome those conflicts.
- You have deficit hawks concerned about the debt that want huge spending cuts in direct conflict with moderates that don't want to cut certain government programs
- You have deficit hawks in conflict with high tax state republicans that want a $40K SALT cap, a very expensive tax break
- You have the president who insists on expensive campaign promises like no tax on tips, no tax on overtime, auto loan interest deduction.
- You have pro business republicans that want to make business tax breaks like R&D/CAPEX deductions permanent, which is very expensive.
- You have a huge push for higher military/immigration spending, which further constrains the tax cut side.
- Treasury yields continue to rise, making the proposed budget less and less feasible.

Looks like the Senate is going forward with a $10,000 SALT Cap despite House GOP warning that they won’t have the votes to pass the bill without at least $40,000.
Might be an issue ngl

PART 2
About the step closer to get to steal the funds
"Using an extended passphrase is not multisig but acts akin as 2 of 2 multisig" : AGREED
"the reasons it was discovered" : sometimes things can be beyond you, that is why Math rule, if I were to hide something in the stars, I could not come to check, I would have to trust the pattern, like an energy wall if you will. I'd rather trust more the pattern than the locations, which could always be found, it is a matter of time.
"" Its not merely someone finding the seed thats the problem as perhaps the hw wallet was compromised , or perhaps the seed was created with poor entropy , or perhaps there was a supply chain attack.""
Not that problem with a Steel or Stateless wallet of software to some extent, if you know what you are doing, agreed HW are overhyped
About the seed creation, the entropy of the Seed does not matter IF it is found, then it is too late, the Ext PP is the Safe Harbor ONLY, the Seed WILL BE found some days, you just do not know WHEN....
GREATEST CAUTION : NOW TO BE CLEAR, THE FOLLOWING BELOW IS MY FINDINGS AND ARE TO BE TAKEN WITH A HUGE GRAIN OF SALT...I WOULD BE HAPPY TO BE PROVEN WRONG SO PLEASE BE NICE, DO NOT HIT ME, I AM A RANDOM BEGINNER....THANK YOU !!
So let's dig in
the ext PP adds up to the SEED and with 2048 PBKDF2 iterations and does not decrease the security but adds up and make a brand new wallet, ....correct ?
you can rely on the ONE WAY function to get a wallet set straight (If you take Rainbows Attacks stuff (Dictionary hashed attacks... aside)) and build strong EXT PP....it cannot be reversed....correct ?
Why Strong Ext PP ?
(because " Using less than 2048 PBKDF2 iterations is insecure without strong optional BIP39 Passphrase." According to https://iancoleman.io/bip39/)

No tax on tips, SALT boosted to $40,000 to benefit the top 1%, no repeal of the carried interest loophole.
When this budget comes out, bonds are going to skyrocket.

It's not the usual hard liners this time, you have a lot of factions threatening to block the bill; Moderates over medicaid cuts, high tax state people over SALT, etc.
The Republican party is much less unified than 2017/2018.
I think the best case scenario is we get an extremely watered down package that basically just extends the 2018 tax cuts but doesn't really do much.
>Trump wants to pressure the fed into low rates, and wouldn’t put it past him seeing he has already done that in the past.
He has no influence though. He's been whining for rate cuts since his inauguration and there hasn't been a single cut.
>Compared to China our debt is tiny, and Reddit keeps telling me they are superior to the US. Which leads me to an actual question, when do you think the debt levels become unsustainable?
When it is over 100% of GDP, and grows faster than GDP during peacetime. Interest on debt will consume more and more of our tax revenues the long we kick the can down the road.

Very unlikely the tax bill actually passes. I think the market is mistaken for pricing in that its going to pass. There's way too many Republican factions with conflicting demands, and not enough of a majority to overcome those conflicts.
- You have deficit hawks concerned about the debt that want huge spending cuts in direct conflict with moderates that don't want to cut certain government programs
- You have deficit hawks in conflict with high tax state republicans that want a $40K SALT cap, a very expensive tax break
- You have the president who insists on expensive campaign promises like no tax on tips, no tax on overtime, auto loan interest deduction.
- You have pro business republicans that want to make business tax breaks like R&D/CAPEX deductions permanent, which is very expensive.
- You have a huge push for higher military/immigration spending, which further constrains the tax cut side.
- Treasury yields continue to rise, making the proposed budget less and less feasible.

Looks like the Senate is going forward with a $10,000 SALT Cap despite House GOP warning that they won’t have the votes to pass the bill without at least $40,000.
Might be an issue ngl

PART 2
About the step closer to get to steal the funds
"Using an extended passphrase is not multisig but acts akin as 2 of 2 multisig" : AGREED
"the reasons it was discovered" : sometimes things can be beyond you, that is why Math rule, if I were to hide something in the stars, I could not come to check, I would have to trust the pattern, like an energy wall if you will. I'd rather trust more the pattern than the locations, which could always be found, it is a matter of time.
"" Its not merely someone finding the seed thats the problem as perhaps the hw wallet was compromised , or perhaps the seed was created with poor entropy , or perhaps there was a supply chain attack.""
Not that problem with a Steel or Stateless wallet of software to some extent, if you know what you are doing, agreed HW are overhyped
About the seed creation, the entropy of the Seed does not matter IF it is found, then it is too late, the Ext PP is the Safe Harbor ONLY, the Seed WILL BE found some days, you just do not know WHEN....
GREATEST CAUTION : NOW TO BE CLEAR, THE FOLLOWING BELOW IS MY FINDINGS AND ARE TO BE TAKEN WITH A HUGE GRAIN OF SALT...I WOULD BE HAPPY TO BE PROVEN WRONG SO PLEASE BE NICE, DO NOT HIT ME, I AM A RANDOM BEGINNER....THANK YOU !!
So let's dig in
the ext PP adds up to the SEED and with 2048 PBKDF2 iterations and does not decrease the security but adds up and make a brand new wallet, ....correct ?
you can rely on the ONE WAY function to get a wallet set straight (If you take Rainbows Attacks stuff (Dictionary hashed attacks... aside)) and build strong EXT PP....it cannot be reversed....correct ?
Why Strong Ext PP ?
(because " Using less than 2048 PBKDF2 iterations is insecure without strong optional BIP39 Passphrase." According to https://iancoleman.io/bip39/)

No tax on tips, SALT boosted to $40,000 to benefit the top 1%, no repeal of the carried interest loophole.
When this budget comes out, bonds are going to skyrocket.