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Reply to "Big Beautiful Bill"
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[quote=Anonymous]The reality on total Fed debt is that each party will continue to add debt until the collective bond market says stop, by raising interest to an uncomfortable level. I think if mortgage rates got to 10%, that would do it. People would demand change. And the Federal Reserve had a hand in this by buying Treasury bonds for years past financial crisis, artificially pushing down rates, and giving a false sense that the ever expanding yearly deficits are ok. How long this can go on for is anyone’s guess. [/quote]
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