A time will come when the $22 trillion national debt will be a bad bet for other countries to buy bonds. Already, China, Russia, Japan have been liquidating bonds and replacing it will gold.
As long as China keeps buying our debt everything is fine.
Good thing we’ve got all those “fiscal watchdogs” in the Freedom Caucus
america is.insolvent and bankrupt . invest in Malaysia now ssmofficialpage OfficialMIDA matrade mitigate
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Trump confidant Sen. Lindsey Graham floats tying border wall money to debt ceiling increaseIf Trump takes that gamble to secure funding for the barrier that has so far eluded him, it would create a standoff in Washington with huge stakes for the American and global economies. Russian roulette? Great plan, Lindsey. MAGA Here comes the default. Shameless and shameful. Once upon a time, this would surprise me.
Source: CNBC - 🏆 12. / 72 Read more »
Mnuchin Open to Pairing Debt Ceiling With Spending PackageTreasury Secretary Steven Mnuchin is open to the idea of attaching the debt-limit suspension to a must-pass spending measure to keep the government open beyond Feb. 15. But lawmakers from both parties poured cold water on that strategy. mmmmm.. muh money.... Just get rid of the debt limit. Nobody is serious about the debt and spending. It's just political theater. We need a sales tax n a flat tax to get out of debt. Abolish the IRS n the debilitating income tax.
Source: WSJ - 🏆 98. / 63 Read more »
House Democrat seeks details of Treasury debt limit plansA leading Democrat in Congress asked the U.S. Treasury on Tuesday to advise lawm... The Democrats must be kidding if they can get anything from Trump’s Treasury Dept. They should subpoena Trump’s Tax returns for the past 5 years first. Let’s see if they succeed. DeplorableJuJuV THEY JUST CANNOT WAIT TO GET AHOLD OF THE PEOPLE'S MONEY.
Source: Reuters - 🏆 2. / 97 Read more »
U.S. on track to add $12 trillion to national debt by 2029 unless Washington changes courseWashington has been drowning in red ink for years and it’s only going to get a lot worse over the next decade, a fresh government estimate shows. The U.S. is likely to add $12 trillion in public debt from 2020 to 2029. In Germany they have a budget surplus That's it? Obama did that a lot quicker about 80% of Global GDP! Actions need to be taken!
Source: MarketWatch - 🏆 3. / 97 Read more »