Trump was paying 2% interest on his last deficit blowout, 4.5% now
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Poast new message in this thread
Date: November 6th, 2024 10:50 AM
Author: ,.,,.,.,,,,,,.....................
This is really the issue that concerns me most about Republicans having all their reins of government. I'm fine with deporting illegal immigrants, don't like trannies in sports and have even lost most of my sympathy for Ukraine since they constantly blame the US for their defeats even though their 18 to 25 year old men aren't fighting.
But Trump made about 8 trillion dollars worth of campaign promises, and House Republicans are more than shameless enough to go along with huge new debt even though they've spent the last two years complaining about Dem debt.
There seems to be a general belief that because our high debt has never come back to bite us in the ass it never will. But the bond market can have a little something to say about that. As well as the fact that the Social Security trust fund is set to run out in like 2031.
So I think a real debt crisis is likely before too long, and it will be a big shit sandwich and we're all going to have to take a bite.
(http://www.autoadmit.com/thread.php?thread_id=5628333&forum_id=2).#48299002) |
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Date: November 6th, 2024 10:52 AM Author: AOC TEAM SIX
funny thing is, many other countries are in worse debt situations than the US and as US yields rise, since US debt is the benchmark, their yields rise too and fucks them.
this is gonna cause problems in the developing world but good.
ya, money isnt free anymore doing corporate tax cuts to be paid by increased US govt debt is just going to give a short term boast to corporations and leave the bill with americans later on.
(http://www.autoadmit.com/thread.php?thread_id=5628333&forum_id=2).#48299032) |
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Date: November 6th, 2024 10:53 AM
Author: ,.,,.,.,,,,,,.....................
Japan is the only one worse last I checked. And the vast majority of their debt is domestic debt.
(http://www.autoadmit.com/thread.php?thread_id=5628333&forum_id=2).#48299045) |
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Date: November 6th, 2024 10:52 AM
Author: ,.,,.,.,,,,,,.....................
The fact that you would compare me to that great man means more to me than you can know.
(http://www.autoadmit.com/thread.php?thread_id=5628333&forum_id=2).#48299027) |
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