Has everyone else but you lost his mind?
From all the bad ideas across these threads, this ranks right down there with the worst.
America is $36 trillion in debt and incurring deficits at the rate of nearly $2 trillion per year. Therefore we and Donald Trump are in a foot race to curb this deficit before the bond purchasers abandon the next auction and permit chaos to ensue.
Before the end of this year we must roll over $10 trillion in 10 year notes. If the interest rates go up it will be even more difficult to do. If we dump monies from helicopters, as this mindless feel good proposal would do, inflation increases as the value of those very dollars declines.
The interest rates for bonds is just shy of 5% now and if that rate goes much higher it will be very difficult to float the bonds and still make the rest of the government work.
The whole idea behind DOGE is not just good governance but the very salvation of our economy, the dollar, our Constitution and Bill of Rights. To lose those is to have blood in the streets.
