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21 sats \ 2 replies \ @Bell_curve 7 May \ on: US Treasury issues 125 billion dollars worth of new bonds this week econ
Federal Reserve is the bond buyer of last resort.
The fundamental problem is spending not debt. Total expenditures or the budget size is the problem. Debt would not be an issue if total government spending was low. Biden latest budget proposal is 8 trillion dollars
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10 sats \ 0 replies \ @Satosora 7 May
He keeps bloating everything. And we will have to suffer with it long after he is gone.
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10 sats \ 0 replies \ @TomK OP 7 May
As the issuer of the world reserve currency the US needs to provide the world with collateral (USTs). That's the most important as they are flooding the world
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