We Can’t Sell Our Debt

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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?

Here is our biggest problem:


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Mr. Proton
Mr. Proton
20 days ago

“The US looks like it is in the death spiral. Can any economic whizzes help me here?” I’m an economic whiz, and I can help: The US is in a death spiral. Hope that brings it into focus. There are only four ways to escape government debt: increase tax receipts, decrease spending (hilarious!), print money, or default. That’s it. Those… Read more »

Ludwig ash lev
Ludwig ash lev
20 days ago

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 »

Anonymous
Anonymous
20 days ago
Reply to  Ludwig ash lev

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’…