Prescient Op-Ed in the WSJ about the looming impact on the federal government caused by financing the national debt.
https://www.wsj.com/articles/high-interest-rates-will-crush-the-federal-budget-inflation-debt-spending-costs-recession-economy-11656535631?mod=opinion_major_pos4
We are on the verge of a massive budget blowout as Treasuries paying 1% are replaced with new debt paying triple. In a year or so we will be spending more on interest expense than on the military.
And we can thank the dems and RINOs for this mess. We may finally, as a nation, be forced to live with balanced budgets again.
And props to Team Transitory for your excellent analysis on inflation and why it doesn't matter / won't last.
https://www.wsj.com/articles/high-interest-rates-will-crush-the-federal-budget-inflation-debt-spending-costs-recession-economy-11656535631?mod=opinion_major_pos4
We are on the verge of a massive budget blowout as Treasuries paying 1% are replaced with new debt paying triple. In a year or so we will be spending more on interest expense than on the military.
And we can thank the dems and RINOs for this mess. We may finally, as a nation, be forced to live with balanced budgets again.
And props to Team Transitory for your excellent analysis on inflation and why it doesn't matter / won't last.
We may not always get what we want. We may not always get what we need. Just so we don't get what we deserve.