Doge’d/Cloward-Piven? Biden/Yellen Left Trump With A Massive Problem (Maturing Debt, Rising Interest On Federal Debt, Crashing Trade Balance)
Doge is necessary to get close to closing the budget gap (tax receipts – spending). Biden left Trump and the US with an untenable fiscal situation (think Cloward/Piven). Extremely large debt load with debt maturing over the next couple of years. Thanks to former Treasury Secretary Janet “The Snake” Yellen government funding formula using ST government debt. And its time to pay the piper to pay for Biden’s overspending and Yellen’s Treasury mismanagement. Most of the Treasury debt that Treasury Secretary Bessent must refinance is short-term. And with interest rates higher under Trump/Bessent than Biden/Yellen, US Interest Payments on Public...