US discretionary budget in oreos
https://www.tiktok.com/t/ZP8bGqSNb/
#usa #debt #budget #misspending #GovernmentFailure #corruption
US discretionary budget in oreos
https://www.tiktok.com/t/ZP8bGqSNb/
#usa #debt #budget #misspending #GovernmentFailure #corruption
🇺🇸 U.S. debt suddenly draws weaker demand as $10 trillion must be rolled over this year amid Iran war. ‘The bond market remains undefeated’
#USA #US #UnitedStates #America #Economy #Economics #Debt #Iran #War

"The need for additional spending to finance the war would increase U.S. debt, sparking a bond market selloff as investors require additional compensation to cover potential losses."
Curiously, exactly the same thing happens when you heap too much money in one place. The businessmen love to talk about "growing wealth" exponentially, and indeed because U.S. and "Western" society have decided that (a) loans ought to accrue exponential interest and (b) such exponentially accruing interest on a #debt was "growing wealth" which ought to be made a bedrock principle of the global #economy, there's countless millions of human beings who really do seem to believe that money just...does this, and ought to do this, as though it were decreed by God in the same fashion as gravitation or "biological sex". For money NOT to grow thus, infinitely, would be an evil thing—it would be "socialism" or "communism" (which mean about the same thing to them) and thus incompatible with God and human happiness.
And thus the sober and serious leaders of "Western" #business and #politics all believe that accumulations of #money (such as corporate treasuries, or one's personal #investment portfolio) ought to grow exponentially into perpetuity, as a fixed law of the economy.