We have already run into the problem of not being able to sell our Treasuries, and we issue debt. In 2008, the administration started Quantitative Easing (Q.E.), whereby the Federal Reserve printed U.S. dollars to buy U.S. Treasuries. Because no other nation wanted to buy our debt.
Instead of heeding this dire warning, our government issued $8 trillion in new debt — debt that you have to repay. Remember that federal debt = federal spending. The market warned us once in 2008; it is warning us again.
[Instead of heeding this dire warning, our government issued $8 trillion in new debt — debt that you have to repay. Remember that federal debt = federal spending. The market warned us once in 2008; it is warning us again.]
2008 is coming. Again.
And voting works ……