The uncomfortable reality is that fixing this will require tax hikes AND spending cuts. Not just taxes on people you don't like and spending cuts on niche programs, real changes like a VAT and slashing the VA.
Fed is paring back on open market operations while treasury is moving forward. The treasury buybacks are a pittance, though. This administration seems to be sleep walking into a debt crisis. I guess they think they can hold out long enough to blame it on the other party?
Go ask a (capable, preferably open) LLM. If it doesn’t give you a direct answer it will give you enough of a starting point to start asking more questions.
The uncomfortable reality is that fixing this will require tax hikes AND spending cuts. Not just taxes on people you don't like and spending cuts on niche programs, real changes like a VAT and slashing the VA.
That would have been the fix a decade ago, the debt is too high now and the economy too weak.
[delayed]
Fed is paring back on open market operations while treasury is moving forward. The treasury buybacks are a pittance, though. This administration seems to be sleep walking into a debt crisis. I guess they think they can hold out long enough to blame it on the other party?
Can someone smart tell me how to profit from this if I believe this (plus everything else) is going to spiral into huge crisis?
Go ask a (capable, preferably open) LLM. If it doesn’t give you a direct answer it will give you enough of a starting point to start asking more questions.
GenX/Millennial retirement communities abroad. There won’t be any SS funds left for that generation so they won’t be able to retire in the US.
If you have to ask, you’re too poor or powerless to properly profit.
I'll go and kill myself quietly then