Whether for food, roads or war, ALL nations must have rational plans to attain revenues needed to pay what they spend.
If the U.S. wishes to fight a war it must have plans to pay for that and for all debt it incurs for whatever purpose. Moreover, by the mandates of double-entry accounting, it is ONLY the application of “net income” by which debt can be extinguished without insolvency.
The U.S., by its political morass has been living a decades-old illusion that tax cuts work magically to increase income. Investors, by the recent behavior of long-term U.S. debt costs (and private sector credit spreads), now clearly indicate they have begun to protect themselves against the possibility the U.S. will not support repayment of its debt.
We “can” regain that trust, but NOT by any course that current US leadership has yet offered (since 2016).
We will know if and when that happens by observation of both long-term Treasury debt rates and by daily changes in the credit spreads offered to various private sector U.S. borrowers.
Recently, there is no good news on either front. We are “surviving” on accumulated good will, but that is fading with each passing day that this war continues.
Money is invested based on trust and we are eroding it.
Just you wait and see what happens when the DHS is out of business and, this World Soccer Exercise starts in June.Best time in the World to start a terrorist plot.The save act is just another way for Trump to try and take the vote away from natural born citizens.The man cares nothing about people unless they can stroke Trumps rump.Just say "Democracy" is a joke for Trump.
If Congress didn’t authorize the war, are they obligated to fund it after the fact. And when will this request come? Before the midterms or after when we have a lame duck Congress.
Whether for food, roads or war, ALL nations must have rational plans to attain revenues needed to pay what they spend.
If the U.S. wishes to fight a war it must have plans to pay for that and for all debt it incurs for whatever purpose. Moreover, by the mandates of double-entry accounting, it is ONLY the application of “net income” by which debt can be extinguished without insolvency.
The U.S., by its political morass has been living a decades-old illusion that tax cuts work magically to increase income. Investors, by the recent behavior of long-term U.S. debt costs (and private sector credit spreads), now clearly indicate they have begun to protect themselves against the possibility the U.S. will not support repayment of its debt.
We “can” regain that trust, but NOT by any course that current US leadership has yet offered (since 2016).
We will know if and when that happens by observation of both long-term Treasury debt rates and by daily changes in the credit spreads offered to various private sector U.S. borrowers.
Recently, there is no good news on either front. We are “surviving” on accumulated good will, but that is fading with each passing day that this war continues.
Money is invested based on trust and we are eroding it.
Wish i was as smart as Mr. Feldkamp.Whew! Lot to like.God Bless!
Just you wait and see what happens when the DHS is out of business and, this World Soccer Exercise starts in June.Best time in the World to start a terrorist plot.The save act is just another way for Trump to try and take the vote away from natural born citizens.The man cares nothing about people unless they can stroke Trumps rump.Just say "Democracy" is a joke for Trump.
If Congress didn’t authorize the war, are they obligated to fund it after the fact. And when will this request come? Before the midterms or after when we have a lame duck Congress.