1. I’d blame the voter who has agreed to be bought … there are words for that
2. The problem with letting it default is we are also in a Cold War with Red China who are aggressively trying to replace the US Dollar as the reserve currency . Default would speed that process up and all hell could break loose .
What to do ? Both parties have to reach a point where they want to deal with it . RFKjr has his flaws but is the only sane person in sight to lead the Democrats. I’m starting to hope he can somehow win and then with Kevin McCarthy start to …. dare I say it ? ….. MAGA
Michael, Haven't you heard? It's different this time. MMT will take care of everything. The people who run the country now are not only much younger than in the past, they are much smarter than those old fogies. Capitalism is passe as money now grows on trees. Cheers
Former President Donald Trump urged Republicans to either extract concessions from President Joe Biden to reduce spending or push the US into its first-ever default in a Wednesday interview with CNN.
Good points . 2 more …
1. I’d blame the voter who has agreed to be bought … there are words for that
2. The problem with letting it default is we are also in a Cold War with Red China who are aggressively trying to replace the US Dollar as the reserve currency . Default would speed that process up and all hell could break loose .
What to do ? Both parties have to reach a point where they want to deal with it . RFKjr has his flaws but is the only sane person in sight to lead the Democrats. I’m starting to hope he can somehow win and then with Kevin McCarthy start to …. dare I say it ? ….. MAGA
Weird how this might work eh ?
Michael, Haven't you heard? It's different this time. MMT will take care of everything. The people who run the country now are not only much younger than in the past, they are much smarter than those old fogies. Capitalism is passe as money now grows on trees. Cheers
Trump on CNN said the same thing............
Former President Donald Trump urged Republicans to either extract concessions from President Joe Biden to reduce spending or push the US into its first-ever default in a Wednesday interview with CNN.
https://www.bloomberg.com/news/articles/2023-05-11/trump-urges-republicans-to-get-spending-cuts-or-push-us-default?cmpid=BBD051123_MKT&utm_medium=email&utm_source=newsletter&utm_term=230511&utm_campaign=markets