What’s a trillion here and a trillion there between friends?
Debt addiction and a good reason to hold as little cash or cash equivalents (treasuries, bonds, etc.) as possible in case they get ravaged by inflation.
The Captain
1 Like
How much of that spending did not have Congressional authorization?
3 Likes
I’m thinking most of it was authorized, but spending was suspended until Congress acted. So, of course, as soon as Congress acted, the suspended spending went out in a rush, creating a sudden burst of new debt, but don’t expect Fox Noise to consider “why?”
Steve
5 Likes
I guess most people do listen to the doomsayers. It’s just the “doomsayers” they tend to agree with that they listen to.
Andy
2 Likes