The “problem” debt is the underpinning of our financial system.
The US Treasuries are used to underpin all the other financial tools. To project power and stability to open markets and sustain them.
When someone does that many things wrong it is only because he does not understand what he is doing.
That was the argument Greenspan made, when #43 wanted to enact unfunded “JC” tax cuts. Greenspan made balanced budgets and paid off national debt a horror to be avoided.
Yet, somehow, the world muddled along, when the US was not running massive deficits.
Steve
The British and now the US have always run massive deficits. We need to do that.
Again we need to do that.
I am becoming very curious how soon or far off the tax cut will be. It is a bridge too far. The current actions threaten we do not pay the interest plus the revolving debt in total. The bond market projection will be into the future making it very worrisome.
He is crashing the federal tax receipts.
I think we know the wealthy know how to influence elections with their money. They donate to candidates and causes. They also help finance campaigns with donations of services. If the phone rings and asks for a political donation, often the caller and service are donated but the money you give goes to the political cause as your donation. This is a technique used to avoid donation limits. Also probably applies to airplanes, buses, use of private jets etc.
Bottom line is wealthy are able to amplify their impact and thereby gain influence.
More millionaires and billionaires donated to Kamala Harris as she outspent Trump.
All that money, media and celebrity endorsements.
Americans are smart.
It only took one Billionaire to buy the Republican party and he is now the President with a puppet sitting in the white house. Heck he even had him do an ad for him on the white house lawn. He even has the cult on line crying for him. One Billionaire did all that. I would say he got what he paid for but some people are easy to buy.
I suspect he did not do it all himself. He had lots of help from other billionaires and businesses who liked his policies.
Net worth of $970,900 gets you into top 10% in USA.
290 million dollars. Seems obscene doesn’t it?
Gee, that’s only 5.8MM per state. Would that buy enough ads in major markets like NYC, Philadelphia, Boston, Chicago, Detroit, LA, San Francisco. Doubtful.
In a presidential campaign that runs for a year or more that is peanuts.
Right peanuts, like the cartoon. I guess you would rather have your voice drowned out in your party, like a wall flower.
Nope. Not really.
Total fundraising in the Presidential campaign in the last cycle was $1.6 billion. That’s 18% of the total. Assuming both raised about the same amount, that would be 36% of Trump’s fundraising.
That ain’t peanuts. It’s just plain nuts.
–Peter
It’s not just that. There is only 5 states at the most in play so that 60 million per state. Trying to break it down between all 50 states is just disingenuous.
They didn’t get their money’s worth? No problem, Canada has open borders.
The Captain
Item:
Foreigners Dump U.S. Treasuries. Here’s Who Did the Most Selling.
Investors abroad sold longer term Treasuries for three consecutive months, a sign of central bankers reducing their reliance on the U.S. as a financial buffer.
In January, foreigners sold a net $13.3 billion of U.S. notes and bonds that had more than one year to maturity, the latest Treasury data show. It comes after $49.69 billion was sold in December, following sales of $34.41 billion in the month of U.S. elections, November. Global central banks represent a big chunk of foreign demand.
https://www.barrons.com/articles/treasuries-foreign-sell-gold-765ce81f
Before the back-to-back net selling of the world’s safest debt, foreigners had kept buying for 15 straight months.
The largest net seller in January was Canada. Trump first proposed his 51st state idea in December. Big surprise there, eh?
and yet treasury yields continue to come down, fast. DOGE is just getting started. Elon is locked in. Delete. Delete. Delete.
Canada will bend the knee just like Zelensky did.
Re: Billionaires donated to Harris campaign and lost
Ok, but you can bet Democrats know who they are. And will listen to their preferences for legislation etc. They did not win the election but they maintained their standing with the party.
And they likely will be asked for donations next time. And may even get a say in candidates next time.
Overall, there was a noticeable shift from long term to short term as well. Could be nothing, could be something.
Canada will laugh at you all the way to the bank. Meanwhile, you will have to pay MORE TAXES–and MORE TAXES AGAIN. And the CSM will have the highest unemployment since 2016–all due to him screwing up the US economy.
Just to clarify:
CSM is Current Statesman.
ralph