Trump calls for US debt default in absence of ‘massive’ spending cuts - https://on.ft.com/44SnrRm via @FT
What areas can morally and practically be cut?
Maybe focus on the cash retianed by those top te...how much of a dent would it make?
How to control congresspple and senators and get them of lobby interest bribes?
Well of course he is right. The US has no credibility with non-Western gov.ts who are welling out of the dollar and using their own currencies for mutual trade. Plus, if this debt isn't managed by the Treasury, it will be managed by the markets - it is what is happening and the US is heading for bankrupties way beyond the banking sector and a hard-landing recession.
The Fortune 500 is America's and probably the world's largest companies. Of the 500, the top ten have more cash than the bottom 400. This tells how close to banktuptcy is America and with it Europe, Japan and Austastralasia.
Higher interest rates necessitate restructuring, which even then companies do not have the cash to pay. Plus, inflation will work through to reduced revenues and profits.
We will know it's a recession when unemployment starts to rise. At this point, the Fed will pivot - ie stop tightening, start printing and lower interest rates. You can guess the rest...
What areas can morally and practically be cut? Surely not Medicare, Social Security, Pensions? So where to find and how much?
Maybe focus on the cash retianed by those top te...how much of a dent would it make?
How to control congresspple and senators and get them of lobby interest bribes?
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Keep it clean, keep it lean