I haven’t read the Big Beautiful Bill (BBB) so I am at a disadvantage. However, I do know the US debt is existential and I don’t understand why we can’t go back to pre-pandemic spending and keep the tax cuts.
Elon Musk said the BBB is filled with pork, but I don’t know that for certain.
We now find that we don’t have any buyers for our debt.
The US looks like it is in the death spiral. Can any economic whizzes help me here?
BREAKING : United States Treasury
U.S. Treasury just bought back $10 Billion of its own debt, the largest Treasury buyback in history pic.twitter.com/u17kpih0OO
— Barchart (@Barchart) June 6, 2025
Here is our biggest problem:
When @elonmusk and @VivekGRamaswamy came to Congress in December, I told them their biggest problem wouldn’t be finding the waste… their biggest problem was right there in the room… it was Congress. They are addicted to spending money and growing government. pic.twitter.com/0JjEgqGC0H
— Chip Roy (@chiproytx) June 6, 2025
In my opinion, the economic problems of the US (including the problem of national debt) are mainly caused by the over-expansion of the financial industry, the large-scale entry of illegal immigrants into the country, and the government’s policies. Although the financial industry is actually related to traditional industries, in essence, as a conceptual industry, the financial industry itself has no… Read more »
Something that was NEVER really properly reported on was biden’s selling off the ‘oil reserves’ to keep oil prices down. Any fool could see the criminality in so doing…but the ‘legacy’ mentioned it in passing as ‘a good thing’…