Re: Stock Market Pullback is upon us! Get ready for the dump
Originally Posted by
felixthecat
Seriously, the debt level is not sustainable here. The division inside our government makes me nervous that we may default if the debt ceiling is not taken care of. We need real cuts in government spending to turn our fortunes around. I don’t see that happening. Good luck!
Who cares about the debt ceiling?
Our politicians think they control the situation, but they don't. Even if they - and, they will - get some dumb agreement it will mean nothing. When people/countries don't want to buy our debt they will stop buying our debt. Increasing the offered interest rate will pull more back into purchase mode, but at some point there are better and safer options out there. It does not matter if a bunch of failed lawyers agree on something or whatever. It will be such a surprise!!!
And, yeah, the ONLY thing that matters is dealing with the annual deficit. My guess is that they won't in reality. They will promise to cut the increase in spending or some such nonsense. They think they control the situation. Someday it will go 'poof' and they/we will all be left hanging.
Lookin' up at the 'G Fund'!!!
Bookmarks