Posted on 01/24/2023 6:40:01 AM PST by Kaiser8408a
While the children in Congress and the Administration argue about cutting the Fedcral budget (as if there isn’t trillions of dollars of wasteful spending in the budget), we saw an ever dumber suggestion from Pramila Jayapal (WA-D), Adam (Shifty) Schiff (CA-D) and Sheila Jackson Lee (TX-D): a bill to eliminate the debt ceiling altogether to allow unlimited Federal spending. That reminds me of the Tom Arnold/Julie Ford film “The Stupids.” Yet these clowns keep getting re-elected.
In any case, The Federal Reserve’s quantitative-tightening program risks being propelled toward an early end as US politicians bicker in Washington over raising the national debt limit, according to some economists and bond-market participants. As of this morning, the US credit default swap (1-year CDS) remains elevated signaling a positive probability of a US debt default. (CDS represents the price of insuring against a default).
But notice that The Fed still has $8.5 TRILLION in assets (largely Treasuries and Agency MBS) on their balance sheet. But The Fed’s plans to continue shrinking their balance sheet will be put on hold (and if fact will be reversed) if Democrats and President (10% for the big guy) Biden don’t budget on cutting some of the enormous fat from the Federal budget.
On a different note, why doesn’t Biden use his Presidential powers to declassify the documents he has in his possession at various locations? The answer is … once the documents are declassified, then we can see what they are. And I suspect that the classified documents would not be flattering for The Soprano crime family the Biden family.Primila Jaypal, Adam Schiff and Sheila Jackson Lee should make their own movie!
(Excerpt) Read more at confoundedinterest.net ...
Get rid of all the green sh**. The economy of every state in the country is being ruined by their as**nine goals.
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