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39%  
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Keyword: cancelgovernment

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  • How Washington Ruined America’s Future: The annual interest on Treasury debt will soon pass $1 trillion

    07/24/2023 9:02:17 PM PDT · by SeekAndFind · 26 replies
    Economic Prism ^ | 07/24/2023 | MN Gordon
    United States Secretary of Treasury Janet Yellen has an incredible job. She writes rubber checks to pay America’s bills. Yet, somehow, the rubber checks don’t bounce. Instead, like magic, they clear.How this all works, considering the nation’s technically insolvent, is quite miraculous. But it works, nonetheless. Again and again, the Treasury borrows money. And Washington spends it.Yellen likely knows that full faith and credit is too good to be true. The U.S. government’s gross fiscal mismanagement should call the veracity of its notes into question. But why focus on it when there’s an abundance to be acquired from weekly Treasury...