open.substack.com/pub/drwojakm...
open.substack.com/pub/drwojakm...
REPOST IF YOU AGREE!
REPOST IF YOU AGREE!
Default: politically impossible, destroys credibility
Austerity: politically impossible, people riot
Inflation/Devaluation: politically easiest, most don't understand it.
Default: politically impossible, destroys credibility
Austerity: politically impossible, people riot
Inflation/Devaluation: politically easiest, most don't understand it.
Debt-to-GDP: ~120% (sustainable limit usually considered 90-100%)
Federal interest payments: Now larger than defense budget
Federal debt service projected to exceed all tax revenue by 2030s
Foreign holders reducing Treasury purchases (China, Japan selling)
Debt-to-GDP: ~120% (sustainable limit usually considered 90-100%)
Federal interest payments: Now larger than defense budget
Federal debt service projected to exceed all tax revenue by 2030s
Foreign holders reducing Treasury purchases (China, Japan selling)