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 ...
The POTUS doesn’t create the budget.....
That is correct and there hasn’t been a budget in quite awhile, but the Trump and Biden singed the Omnibus Bills running up the Deficit and Debt and lets not forget all the needless Covid Spending that drove the same.
The President can certainly propose a budget for the House to consider and does so. The House has abrogated its responsibility for some time now, Democrats and Republicans.
What if she’s wrong?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.