Comments by "Major Moolah" (@majormoolah5056) on "What Democrats and Republicans have in common this Thanksgiving | US Politics In :60" video.

  1. I read that the IRA is going to add $2 trillion on the deficit. The original estimate was $400 million or so. So the bear bond market we are going to get is going to be even worse. Besides, if you look at the job reports -- the revised ones -- then US is losing manufacturing jobs. Those US job reports are scandalous. They are always revised downwards after the fact, with alarming degree and regularity. "Who lies first wins." Here is another interesting economic data point. Ever since Bill Clinton, US has been favouring short-term bonds for interest reasons. So half of the current debt is maturing in the next three years and needs to be refinanced. Now we could have $3 trillion deficits in the same time period as well. So US needs to borrow $27 trillion in that time period! And all that refinanced debt is at much higher interest rates than is currently the case. So the interest rates are going to explode and keep exploding. I'm amazed we are not discussing the US aid to Ukraine. The money has already run out on the American package, a month ago I believe. They are now rationing what little they have left to tide things over! So you get $100 million packages a month as a fig leaf for Biden. Secretary Austin had to fly over to Kiev and basically say that "US is good for it, please trust us." Pitiful state for our current hegemon.
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