The Republicans’ Budget Makes No Sense | Congress is trying to preserve the illusion of revenue while cutting taxes.
The Republicans’ Budget Makes No Sense | Congress is trying to preserve the illusion of revenue while cutting taxes.
Congress is trying to preserve the illusion of revenue while cutting taxes.
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When Trump started behaving erratically I considered the possibility of the US defaulting on its debt, now I consider it a certainty. The consequences of this are hard to fathom.
I think they could just print money to pay instead of defaulting because the debt is denominated in USD (still disastrous though).
That would make the usd worthless.
I think some people in the admin actually want that. A lot of them are heavily into crypto and other assets such as real-estate, and they won't be able to balance trade as long as the USD is the world's reserve currency.