Tuesday, October 10, 2023

The US Government Shutdown Isn't the Problem. Public Debt Is | The Epoch Times

The US Government Shutdown Isn't the Problem. Public Debt Is | The Epoch Times - By Daniel Lacalle
"...As of August, it costs $808 billion to maintain the debt, which is 15 percent of the total federal spending, according to the U.S. Treasury. 
Interest rates are rising at the same time as the government rejects all budget constraints. 
This is a monetary timebomb.
All empires believe that their currency will be eternally demanded, until it stops...
When confidence in the currency collapses, the effect is sudden and insurmountable...

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