This is coming from an admin that will purposely default on the debt next year. Then end SS, Medicare, and Medicaid. To make things worse might end FDIC. The fingers are all pointed.
Link? Or did you just make that up?
DB2
I made that up.
But there is evidence of a history of defaulting by one party involved. There is a wish to end all social programs. There is even more of a wish to lower taxes on the wealthy.
How far off base do you think I am?
God are you in for a surprise Bob. You believer is what I will never know.
I had fun yesterday. I was out walking and met a municiple bond trader. A professional in the field. His sweatshirt read, “Municiple” for fun.
Told him of the looming default. He was in total disbelief.
He thinks massive inflation as we print to pay off the interest and debt.
Printing does not lower taxes. So nix that idea.
I don’t recall any US default on debt, although some would say FDR’s suspension of gold payments would count.
DB2
If you don’t think a president with a history of bankruptcy and not paying his debts would not love to do the same with the country, I’m not sure what to tell you. Note in first term he floated the idea of not paying the Treasuries held by certain countries back.
I would tell you that inflation is much easier than default.
DB2
Bob,
Higher taxes is the solution.
Kiss