Posted on 06/13/2024 5:31:52 AM PDT by central_va
Treasury Secretary Janet Yellen on Thursday said the swelling national debt is manageable as long as it stays around where it is relative to the rest of the economy.
In a CNBC interview, Yellen also noted that high interest rates are adding to the burden as the U.S. manages its massive $34.7 trillion debt load.
"If the debt is stabilized relative to the size of the economy, we're in a reasonable place," she told CNBC's Andrew Ross Sorkin during a "Squawk Box" live interview. "The way I look at it is that we should be looking at the real interest cost of the debt. That's really what the burden is."
(Excerpt) Read more at msn.com ...
She’s a notorious liar.
She should be loaded into a trebuchet and launched to Venezuela where she’ll be more at home.
Then it will be Trump’s fault because he didn’t balance the budget.
That kind of debt sounds very serious to me. I didn’t trust Yellen before it got this high.
“Regime change can only Drain the Swamp.”
***********
That is doubtful IMO. Make no mistake, the Swamp is deeply entrenched, has enormous resources, and controls the administrative state. It is ready for battle. They know there’s only so much Trump can do, and only for a limited time.
And unfortunately the GOP is just not interested in helping Trump to drain it.
Well, as long as you can rake in millions speechifying up and down Wallstreet, everything is fine.
Grifter
It won’t remain static, and it’s not in a ‘reasonable place’ right now.
“”we should be looking at the real interest cost of the debt””
I wonder when she came to that conclusion...a little slow there, old gal.
And of all people Sorkin. He wrote Too Big to Fail, so he knows this is complete and utter BS.
If you look across all of the regime’s action since December, it sure feels like accelerated apoptosis of the US. Like there are internal forces that are hastening the demise of the US.
NA isn’t even mentioned in Revelation, so maybe this is why.
“That kind of debt sounds very serious to me.”
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Only a serious person would recognize that.
Yellen is just a political hack who is dispatched to sugar coat problems for the administration.
“if it remains at this level”
LOLOLOL….and we won’t have any more winter or summer if the earth’s axis tilt goes to zero degrees.
That woman is a blooming idiot and to think she runs the economy!
The US federal government will experience a total complete collapse. And then comes anarchy, starvation and the death of millions (mostly democrats).
Russia and China can just sit back and watch.
Rats preparing for the sinking. Pre-emptive protection for what she knows is coming. Washington cannot/will not stop spending so the debt/gdp ration staying the same is not reality. She can blame someone else and get a plum job when the shtf.
I bet she stands by that statement...past, present, and future. Any given day she says it, she means it.
“The way I look at it is that we should be looking at the real interest cost of the debt. That’s really what the burden is.”
This is a dog whistle. She is blaming the feds for high rates. The reality is the balance of debt is absolutely shameful.
Agreed plus not much Trump can do when he is head of a broken and bankrupt form of Government.
Male bovine excrement.
Even in inflated GDP numbers
We’re doomed.
5.56mm
Actually Trump is at fault. He increased the Debt $8 Trillion and now Biden has done almost the same. So about R$12 to 16 Trillion in 8 years.
Sorry neither Trump or Biden are addressing this fiasco and Trump will do nothing if he gets back in. He thinks Debt is okay.
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