US Debt is unsustainable

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How America's Debt Spiral Could Spark The Next Crisis​

Jul 7, 2025 #CNBC
Independent analyses, ranging from Yale University to the Wharton School to the Congressional Budget Office, have each said that President Trump’s Big Beautiful Bill will add trillions of dollars to the U.S. deficit over the next 10 years. Yet, this year, the U.S. deficit is already exceeding 6 percent of GDP, a level roughly 63 percent higher than the average in the past five decades. And unlike past spikes, the current one isn’t driven by war or economic crisis, leading many to worry. In this documentary, through dozens of interviews with experts including Former Treasury Secretary Robert Rubin, macro investor Ray Dalio and Former Chairman of the Joint Chiefs of Staff Mike Mullen, CNBC's Leslie Picker explores what will happen if the deficit is not reined in.


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Obviously trump wants Powell to lower rates to better manage the debt. The problem is that, historically, rates are still too low. It's not Powells fault the US cant manage spending. Housing and stock markets are clearly in a huge bubble already. Lowering rates is just going to make that worse. Then we have the threat of tariffs that will also add to inflation. I just dont see why the fed would lower rates right now.
 
Just looking and the Bonds look very, VERY sick. Trump isn't gonna get his rate cuts I think.

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If that Giant Head and Shoulders plays out.... Breaking below that neckline at about $85 is bad news although already tested once. That would indicate TLT to about $65. I think that would put 10-year yields to about 6% on 10-year US treasuries
 
They should start printing 69 sextrillion notes.
 

Wall Street’s debt warnings went unheeded as GOP pushed megabill forward​

As congressional Republicans advanced their megabill in recent months, many fiscal hawks in the party figured they had a powerful force on their side: wary titans of finance who had started sending powerful signals that their appetite for purchasing U.S. debt was not, in fact, endless.

Turns out Wall Street was barely a bump in the road.

In passing the One Big Beautiful Bill Act last week, GOP leaders blew past a host of warnings to potentially add several trillion dollars of additional borrowing — brushing off concerns that they were missing a late opportunity to put the nation on a more sustainable fiscal trajectory in favor of piling on expensive new tax cuts.

The whole episode was a stark display of how short-term rewards and Trump’s demands outweighed any anxieties about long-term calamity — even from a constituency as powerful as Wall Street, whose major players are reliable financiers for politicians of both parties.

More:

 
^^^^^^

Casey's right, of course, but it's worse.

Moar inflation (money creation, not price increases, which is the RESULT) concentrates moar wealth in the hands of rentier elites who are in line to receive this seigniorage. We are already as unstable as a third-world nation, from this transferral of wealth from the many into the selected few.

It will only take the next step, hunger, to launch a French-style revolution. Those never go well - it took France from rule by a spoiled, passive king, into rule under a megalomaniac war-monger, Napoleon. France never recovered its power - it has been a second-world nation and now, for eighty years, a client state.

That is our future - but our masters after the collapse, will almost-certainly not be as benign as the United States was to reconstituted France.
 
We need some swamp critters committed to wielding Milei's chainsaw.
 
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