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Biden’s economy
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Anonymous
Actually a result of the credit the GOP eliminated post covid. Directly attributable. Not Biden's fault. the Dems and Biden supported it 100% and the callous GOP eliminated the funding. |
Anonymous
Ascribing blame to the wrong place: GOP and Manchin/Sinema |
Anonymous
GOP shoves people to the ground and then blames the Democrats for people being on the ground. |
Anonymous
I agree with them! Enough free money! |
Anonymous
Anonymous
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Total savings has also declined.
https://www.cnbc.com/2023/10/03/americans-are-saving-less-in-2023-im-concerned-top-economist-says.html |
Anonymous
"Free money" is such a stupid way to look at this. It presumes that money acquired is money earned and, therefore, taxation is unfair. It presumes that, if someone didn't acquire sufficient money through contractual compensation for their labor or property, they must not have earned anything more. It also presumes that money spent by the government on the well-being of its citizens is money wasted; ignoring that investment now can yield a happier, healthier, more productive population now and in the future. |
Anonymous
"Debt rose? Not the President's fault. It's because they spend all their money on avocado toast, aren't willing to work, and refuse to pull themselves by their bootstraps." - Every Republican in America, under a Republican President |
Anonymous
|
Meanwhile, the credit market is cracking...
Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt. It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are the buyers of last resort who have to buy. China, Japan, Saudi Arabia, Russia ... none of them are buying our debt. In fact, most are selling what they already have. With few buying, the US government is borrowing more than ever. $1.5 trillion in the past 4 months and they announced another $1.5 trillion in the next 6 months. The US government will have to offer higher and higher rates to attracted lenders. |
Anonymous
DOOM! DOOM! I'm so old I remember when a recession was inevitable. WE'RE RUNNING OUT OF BABY FORMULA! It's just "WOLF! WOLF! WOLF!" all day every day with you people. |
Anonymous
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US debt interest payments surge past $1 TRILLION yearly pace, worsening concerns about massive borrowing
https://markets.businessinsider.com/news/bonds/us-debt-interest-payments-federal-deficit-treasury-bonds-fed-hikes-2023-11 |
Anonymous
|
Yesterday, the US government tried to borrow $24 billion by selling a bunch of 30 year debt.
It was a huge disaster. In order to get enough people to buy, the rate had to dramatically increase. Even then, then primary dealers had to buy 25% of the debt. The primary dealer are the buyers of last resort who have to buy. China, Japan, Saudi Arabia, Russia ... none of them are buying our debt. In fact, most are selling what they already have. With few buying, the US government is borrowing more than ever. $1.5 trillion in the past 4 months and they announced another $1.5 trillion in the next 6 months. The US government will have to offer higher and higher rates to attracted lenders. https://twitter.com/WallStreetSilv/status/1722960100569104862 |
Anonymous
| BREAKING: Moody’s cuts U.S. credit outlook from stable to negative. |
Anonymous
This is a direct result of Republicans recklessly playing games with the debt ceiling. |