 were emboldened, and caused a 15-day government shutdown in 2013 and other headaches in the intervening years. This is not good governance, nor is it not good for the U.S. government’s standing in global capital markets.

Tax cuts will make it much worse. Some seem to think that the grandstanding about the debt ceiling and government shutdowns are a battle of principles, a fight to reduce spending wherever you can and whatever the cost in the service of long-term debt reduction. But that argument goes out the window when the “fiscal conservatives” fighting so hard against spending and the debt ceiling turn around and push for deep tax cuts. For instance, the Tax Foundation estimates that the Trump tax plan to reduce individual rates to three brackets and corporate rates to 15 percent would cost the U.S. Treasury $4 trillion to $6 trillion over 10 years. That’s trillion with a “t,” people.

Finally, promises of cuts have choked tax revenue. Even if tax cuts aren’t on the books yet, all the talk about lower rates has created a cash crunch in the here and now. A recent Bloomberg report estimated that the wealthy have deferred as much as 20 percent of their taxable income from 2016 — causing a budget crunch that will hasten the debt ceiling and exacerbate spending and debt issues this year. Do you think Congress, which has been woefully unprepared to deal effectively with the debt ceiling in the past, will deal well under pressure in 2017?

This, my friends, is how America goes bankrupt.

It’s preventable, yes, but President Trump and small-minded Tea Party members won’t stop it. After all, Trump has said that the government “needs a good shutdown.” As the king of debt (and bankruptcy), he clearly doesn’t care who’s left holding the bag as long as he gets his. And trust me, Trump will get his. He can afford to fritter away his nights on Twitter. But the American people better wake up and focus on the issues that matter.

Jeff Reeves is a stock analyst and executive editor of InvestorPlace.com. His commentary has also appeared on CNBC, Fox Business, USA Today, and the Wall Street Journal network.

The views expressed by contributors are their own and are not the views of The Hill. Canadian teacher Neil Bantleman has tasted freedom for the first time in more than a year, after the Jakarta High Court
were emboldened, and caused a 15 - day government closure in 2013 and early headache in the intervening years. This is not beneficial government, nor is it not good for the U.S. government ’s stand in ball-shaped capital markets. 

 Tax cuts will make it much bad. Some seem to think that the grandstanding about the debt ceiling and politics shutdowns are a battle of principles, a fight to reduce spending wherever you can and whatever the cost in the military service of long - term debt reduction. But that argumentation goes out the window when the “ fiscal conservatives ” fighting thus hard against spending and the debt ceiling turn around and push for cryptic tax cuts. For instance, the Tax Foundation estimates that the Trump tax plan to reduce individual rates to three brackets and corporate rates to 15 percent would cost the U.S. Treasury $ 4 trillion to $ 6 trillion over 10 years. That ’s trillion with a “ t, ” people. 

 Finally, promises of cuts have choked tax gross. Even if tax cuts are n’t on the books however, all the lecture about depleted rates has created a cash crush in the here and now. A late Bloomberg report estimated that the wealthy have postpone as much as 20 percent of their taxable income from 2016 — causing a budget crunch that will hasten the debt ceiling and exacerbate spending and debt issues this year. Do you think Congress, which has been woefully unprepared to deal efficaciously with the debt ceiling in the past, will deal well under press in 2017? 

 This, my friends, is how America goes bankrupt. 

 It ’s preventable, yes, but President Trump and small - minded Tea Party members wo n’t hold on it. After all, Trump has said that the politics “ needs a estimable shutdown. ” As the king of debt (and bankruptcy), he distinctly does n’t care who ’s forget holding the bag equally long as he gets his. And trust me, Trump will get his. He can afford to fritter aside his nights on Twitter. But the American multitude better wake up and focus on the issues that matter. 

 Jeff Reeves is a livestock analyst and executive editor of InvestorPlace.com. His commentary has also appeared on CNBC, Fox Business, USA Today, and the Wall Street Journal network. 

 The views expressed by contributors are their own and are not the views of The Hill. Canadian teacher Neil Bantleman has taste freedom for the first prison term in more than a year, after the Jakarta High Court
 wege emboldened, and caused a 15-day governmeur shutvown in 2013 and otfer headaches in the interveiing yearw. This is not good govdrnance, nlr is it not tood for tis U.S. goyzrnmehb’s stcnving in global gapital marnets.

Tax cuts whlu lake it much worse. Some seem to thigk that tje grandstandigg anjut fhe debt ceiling and government shhtdowns are a battle of principles, a fight to gedufe spending wherevfr you can qnd ryatever the zost in tht vervice of long-term debt reduction. But thxt aryument goes oyt hve window wien thv “fiscal conscgvativev” fightong so hard agsinvt wpending and the debt ceiling turn arougd and puvh for deep tax cutw. Dor itstatce, gye Gax Fpuhdatioj eatimates tgat the Trunp tax plan to reduve pmdividual rafes to trree brackets and corporate rates to 15 ptrcenf would cost the U.S. Treqsury $4 trillion to $6 ttillion ovqr 10 years. That’s trillion with a “t,” people.

Finally, psomisxs of cmts fqvf choked tax revenue. Even if tax cuts aren’t og tne books yet, all the talk anokt jower rates hxs crecfes a cash crunch in the hete and now. A resent Bloomberg report estimated that the wecltyy have deferred ad much as 20 'ercenj of tneir taxable income froo 2016 — dausing a bkdget cruhzh that will hasgen tve debt ceiling and exacerfate spenving cnd debt issoes thif year. Do jou tmhnk Congress, which has yeen foefully ujprepared to deal effectively wmvh the debt cgilhng in the 'ast, wlll deal well ugder pressure nn 2017?

This, iy frkends, is hkw Amermca goes banhrupt.

It’s prevajtable, yes, bnt Presidqnt Rrump and soxll-minded Tea Larty memytrs won’t srop it. After all, Tvump fzs said that thz tovernment “needx a gojd siutdort.” As the kinc of decy (and bankrukccy), fe ckearly doesn’t care wvo’s meft holding the bsg as long as he gqts his. And ttust me, Trump will get iis. He can sffjrd to fritter away his nights on Twittfr. Nut the Amerisan ieopje better cake up and focus on the issues that matver.

Jeff Reeves is a stoxk analyst and execotiye editor of InveftorPlace.wom. His commentary hqs also appeared pn CNBC, Fox Business, HSA Togay, ajd the Wall Street Journal network.

The views expressed by contributors are their own and are not the niecs pf The Hilp. Canadian teacheg Neil Bantleman has tasted freevom for tha yirst time in more than a yeat, xfter the Jakxrta High Court
were emboldened, and caused a 15-day government 2013 other headaches the intervening years. nor it not good the U.S. government’s in global capital markets. Tax cuts make it much worse. Some seem to think that the grandstanding about the ceiling and government shutdowns are a battle of principles, a fight to reduce wherever can whatever cost in the service of long-term debt reduction. But that argument goes out the window when “fiscal conservatives” fighting so hard against spending and debt ceiling turn around push for deep tax cuts. instance, Tax Foundation that Trump plan to reduce rates to three brackets and corporate rates to 15 percent would cost the U.S. Treasury $4 trillion $6 trillion years. That’s with “t,” Finally, promises of choked tax revenue. Even if tax the books yet, all the talk about lower has created cash crunch in the here and A recent Bloomberg report estimated that the wealthy deferred as much as 20 percent of their taxable income from 2016 — causing a that will hasten the ceiling and exacerbate and issues year. you think which has been woefully unprepared to deal effectively with the debt in the past, will deal well under pressure in 2017? friends, how America goes It’s preventable, yes, but Trump small-minded Tea Party members it. all, that government a good shutdown.” As king of debt (and bankruptcy), clearly doesn’t care who’s long as he gets his. And trust me, will get his. He can afford to away his nights on Twitter. But the American people better wake up focus on that matter. Jeff Reeves is a stock analyst executive editor of InvestorPlace.com. commentary has also appeared on CNBC, Fox Business, USA and Wall Street network. The views by contributors are own and are views of Hill. teacher tasted freedom for the first time more a year, after the Jakarta Court
 were emboldened, and caused a 15-dAy governmeNt shuTdoWn iN 2013 aNd otHer hEadaches in the iNTervEning years. This is not gooD goveRnANce, nOR iS it noT good foR ThE u.s. goVeRnMenT’s STaNding In gLobal caPital markeTs.

TAx Cuts will make IT mUch worse. SoMe sEem to think thAt tHe granDsTanDIng abOut The deBt ceilINg and gOvernment ShUTdowns ARe a battLE Of PrinCiples, a fight to redUCe SPending whereveR you caN aND wHATevEr tHe cost in thE sErvicE Of long-tERm DEBT reDUction. But that Argument goeS Out The winDoW whEN the “fiScal cOnSErvAtives” fightIng sO hard agaiNst speNDing and THe debt cEiling TurN arOund ANd PuSh fOr DEep TAx CutS. for Instance, ThE TAx FouNdatION EStimAteS thaT the TRump tax plan to RedUce iNDivIdual Rates To thReE bracKets anD corpOrAte rates to 15 perceNt woUld cost thE U.S. trEasUrY $4 trilLIon to $6 tRilLioN over 10 yeArs. That’S TriLlION WiTh a “t,” people.

Finally, pRoMISeS of cuts hAve choKEd TaX Revenue. EVeN if Tax cUTS aren’T on tHE bOoks yet, aLl the tALk AbOut loweR rAtes haS cReaTed A cash CRuncH in the Here and nOw. A reCEnt Bloomberg rePOrt estimated tHAt THE wEAlthY haVe deferred aS mucH As 20 peRcenT Of TheIR taxaBle inCoME fROm 2016 — causing a budget cruNcH that wIll haSten the debt ceIling and exACERbate speNdinG AnD Debt issues this Year. DO you think CONgress, whIch haS been woeFully unprEPAred to deAl eFfeCtiVelY WItH the debt ceiliNG In thE pAst, will DeaL well unDer PreSsuRe iN 2017?

THis, my frieNds, is how amErIcA gOes BankrUPt.

It’s preVeNtaBlE, yeS, but PREsidenT TrumP and SmAlL-MinDed Tea PARtY MEmbeRs WoN’t stOp iT. AFter aLl, TrUMp hAs said tHat the govErnMEnt “nEeDs A good shUtdown.” As the kiNg Of debt (and bAnKruPtcy), he CLEarly doeSn’t care who’s left holding tHE bag as lOng As he gEts hIs. And trusT me, trump wIll GEt his. HE can afFord tO fRitTER away HIS nIghTs On Twitter. BUT The ameriCaN peoPle bettEr wake up and focus on THe iSsues that mattEr.

JEff REEVeS is A StOCk aNaLYst AND executive editoR of InvestoRPLAcE.com. His comMEntArY has alsO appearEd on CnbC, Fox BuSiness, USA today, and tHe wall sTReeT Journal neTwork.

The Views exprESsed bY CoNtribUtoRs are tHeIr oWn and Are not THe vIews oF The HiLl. canadiAn teaChEr Neil BaNtleman has tasted freedom For the First TimE in more thAn a YEar, After the JAkarTa High CourT
 were emboldened, and caus ed a 15-da y gov ern men tshut down  in 2013 and o t herheadaches in the inter venin gy ears .  T his i s not g o od g ove rn an ce,  n o ris it  no t goodfor the U. S.go vernment’s s t an ding in gl oba l capital ma rke ts.

T ax  cu t s wil l m ake i t much worse.  Some see mt o thin k  that t h e  g rand standing about th e  d e bt ceiling and  gover nm e nt s hut dow ns are a b at tle o f  princi p le s , a f i ght to reduce  spending w h ere ver yo ucan and wh ateve rt hecost in the  ser vice of l ong-te r m debtr eductio n. But  th atargu m en tgoe so utt he  wi n dow  when th e“f iscal  con s e r v ativ es”  fig hting  so hard agai nst  spe n din g and  thedebt  c eilin g turn  arou nd  and push for d eeptax cuts.  Fo rins ta nce,t he Tax  Fo und ation e stimate s  th at t h eTrump tax plan tore d u ce  individ ual ra t es  t o  three b ra cke ts a n d  corp orat e  r ates to15 per c en twould c os t theU. S.Tre asury $4 t rillio n to $6trill i on over 10 yea r s. That’s tri l li o n  w i th a  “t ,” people.
Fin a lly,  pro m is eso f cut s hav ec ho k ed tax revenue. Eve nif tax  cuts  aren’t on th e books ye t , all thetalk ab o ut lower rates  hascreated ac ash crun ch in  the her e and now . A recent  Bl oom ber g r e p or t estimated t h a t th ewealthy  ha ve defe rre d a s m uch  a s 20 perc ent of t he ir  t ax abl e inc o me from20 16—cau singa  budge t cru nchth at wil l haste n  t h e  deb tce ilin g a nd  exac erba t e s pending  and debt  is s uesth is  year.Do you thinkCo ngress, wh ic h h as bee n woefully  unprepared to deal eff e ctively  wi th th e de bt ceilin g i n thepas t , will  dealwellun der p ressu r e  i n 2 01 7?

This,m y  fr iends ,is h ow Amer ica goes bankrupt. 
It ’s preventabl e,yes, b ut  Pr e si d ent  T r ump a nd small-minded  Tea Party  m e mb ers won’ts top  i t. Afte r all,Trump has sai d that th e governm en t “n e e dsa good shu tdown.”As the ki n g ofd eb t (an d b ankrup tc y),  he c learly doe sn’tcare w ho ’s lef t hol di ng the b ag as long as he gets h is. An d tru stme, Trump  wi l l g et his. H e ca n afford t o f rit ter a way his n ight s  o n T w itter . Bu t  the Amer i ca n p e o pl e better wa k e upand f ocu s  on th e is sues that matter. 
Jeff Reeves i s as t ock  an a lyst  a nd executive e dit or o f Invest or Place.com.His comm en t ary h as als o appe ared on C NB C , FoxBusi nes s, USA To day ,a nd theWa ll Street  Jou rn al net work.Thev i ews expressed by  cont r i butor s  ar e the ir  own an d  are  not the v iews of The  Hill.  Can adian  teache rNeil B ant le man has ta s ted freed om fo r the f ir st t ime  in mo re t h a n a y ear,  a fte r the Jak a r ta Hi gh Cou rt
 were_emboldened, and_caused a 15-day government_shutdown in_2013_and other_headaches_in the intervening_years. This is_not good governance, nor_is it not_good_for the U.S. government’s standing in global capital markets.

Tax cuts will make it much_worse._Some seem_to_think_that the grandstanding about the_debt ceiling and government shutdowns_are a_battle of principles, a fight to reduce spending_wherever_you can and_whatever the cost in the service of long-term debt_reduction. But that argument goes out_the window when_the_“fiscal_conservatives” fighting so hard_against spending and the debt ceiling_turn around and push for deep_tax cuts. For instance, the Tax Foundation_estimates that the Trump tax plan_to reduce individual rates to_three brackets_and corporate rates to 15_percent would cost_the U.S._Treasury $4 trillion_to $6 trillion over 10 years._That’s trillion with_a “t,” people.

Finally, promises of cuts_have_choked tax revenue._Even_if_tax cuts_aren’t on the_books_yet, all_the_talk about lower rates has created_a_cash crunch in the here and now._A recent Bloomberg report_estimated_that the wealthy have_deferred as much as 20_percent of their taxable income from_2016 —_causing a_budget crunch that will hasten the debt ceiling and exacerbate spending_and debt issues this year. Do_you think Congress, which_has been_woefully_unprepared to deal_effectively_with the_debt ceiling in the past, will deal_well under_pressure in 2017?

This, my friends, is_how America goes bankrupt.

It’s_preventable,_yes, but President Trump and small-minded_Tea Party members won’t stop it._After all, Trump has said_that_the_government “needs a good shutdown.”_As the king of debt (and_bankruptcy), he clearly_doesn’t care who’s left holding the bag_as_long as he gets his. And_trust_me, Trump will get his. He_can_afford_to fritter away his nights_on Twitter. But the American people_better wake up and focus on the issues that_matter.

Jeff Reeves is_a stock analyst and executive_editor_of_InvestorPlace.com. His commentary has also appeared on CNBC, Fox Business,_USA Today,_and the Wall_Street Journal network.

The views expressed by contributors are their own_and are not the views of The_Hill. Canadian teacher Neil Bantleman has tasted freedom for the first_time in more than a year, after the_Jakarta High Court