Price Of Insuring Against US Debt Default Highest Since Last Debt Ceiling Crisis In 2013 (Debt Up 88% Since The Last Crisis, $182 In Unfunded US Liabilites)

Confounded Interest ^ | 03/06/2023 | Anthony B. Sanders

[Kaiser8408a]

The last US debt crisis occured in 2013 when Congress finally raised the debt ceiling … and kept on borrowing and spending, But if you thought that a debt crisis would scare Congress (and the Administration) into balancing the Federal budget, you would be wrong. In fact, since the 2013 debt crisis, Federal debt is up 88% (+$14.7 TRILLION over the last 10 years).

And with the massive growth in Federal debt under Obama, Trump and Biden has resulted in an explosion in interest payments on the Federal debt.

And with $182 TRILLION in UNFUNDED liabilities, the debt issuance won’t stop.

Let’s see what is in Treasury Secretary Janet Yellen’s bag of tricks.

[Kaiser8408a]

This will collapse. And Democrats will blame Republicans.

[Leaning Right]

> And Democrats will blame Republicans. <

And Republicans will deserve it, half of the blame anyway. No one in DC (except for Rand Paul) cares about the debt. The best thing you can say about the Republicans is that they often talk a better game.

And that ain’t saying much.

[webheart]

YoY!

[Publius Maximus]

Fun Fact: If we paid the $182T in unfunded liabilities down to the tune of one dollar per second, it would take 5.771 million years to pay it off.

1T seconds = 31,710 years x 182 = 5,771,220.

[zeestephen]

Unfunded liabilities are why so many elected Republicans are completely silent about massive legal and illegal immigration.

Let in 6 million new potential workers?

Maybe we can postpone Social Security and Medicare bankruptcy until after the 2026 mid-term elections?