Recently on Bloomberg News, CBO’s (Congressional Budget Office’s) Director Phillip Swagel appeared, voicing concerns about our rapidly rising $39 Trillion Dollar National Debt, also discussing the CBO’s Emergency “Break Glass”…
Absent a nuclear war, a major conflict, another global pandemic or a gigantic comet crashing into planet Earth, the Dollar losing its status as the world’s reserve currency is the…
WHY IS IT SO CRITICALLY IMPORTANT TO GET CONTROL OF OUR RISING AND CLIMBING $35 TRILLION DOLLAR NATIONAL DEBT???IT IS SO CRITICALLY VERY IMPORTANT to gain control of Our Rising National Debt currently at $34.85 Trillion Dollars (with $1.20 Trillion more being spent this year alone than what we’ve collected and that’s only in the first 6 months of this year!!!
The biggest problem caused by our now rising out-of-control National Debt is that we could lose our position as the world’s Global Currency if we don’t do something!!If that were to happen the dollar would quickly lose its relative value compared to other currencies—What we sell to other nations, we would get less in return and what is imported here would be more expensive for each and all of us!!!
With our National Debt surpassing the $34 Trillion Dollar mark and the current Debt Ceiling crisis again needing to be resolved this time by January 19th, Congress, at least, may have a temporary budget proposal in the works of 1.59 trillion dollars comprised of 886 billion designated for defense spending and another 704 billion in non-defense spending.
IN ADDITION TO President Biden ordering the release of 180 Million Barrels of Oil from our Strategic Petroleum Reserve (SPR) to be distributed over the next six (6) months basically…
Republicans vow to vehemently oppose any increase in Our nation’s Budget Debt Ceiling when in fact the last current increase in Our Budgetary Debt Ceiling of $8 Trillion Dollars was…
Our next big problem for us to look at after the current Trade/Tariff War dies down, is our increasing annual Budget Deficit projected to be $1 Trillion and the rising…
The next big problem for us to look at is our annual Budget Deficit and the rising of Fed Interest Rates to boost sales of US Treasury Bonds. Here's My Plan…