Friday, July 13, 2018

Congress will likely have to shut down during the budget negotiations

Congress urges Trump to cancel Putin summit after bombshell Mueller indictment of 12 Russian intelligence officers

I wouldn't listen to these idiots one way or the other, they have bankrupted us. Congress will not likely meet the August budget deadline, they are stalling and doing the virtue signalling. They cannot make a budget unless they are willing to pay 3.5% on the ten year, and they won't.  Hence, they will invert the curve.

Consider just the 15 trillion we own to foreigners.  A rate of 3.5% means we pay them some some 500 billion a year in interest expense. This includes private and public debt. But, to pay that debt means more camptown and taxpayers would rather default.  The millennials are still confused about living in camptown to pay off a bunch of debt they never voted for.

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