CD rates are back up to decent % - 4.85% for 1 yr

[waytomany?s]

So this is the reason for the current push for fiscal responsibility, correct?

[waytomany?s]

Hey Macbeth, where can we find all the line items in the governmental budget?

[k-2]

Are they going to do anything different from what they have been doing for decades..

No but there is and always has been a train wreck at the end of what they have been doing for decades. And the end of the tracks are clearly in sight.

[k-2]

So this is the reason for the current push for fiscal responsibility, correct?

Its way too late anyway as the interest for just the last quarter was 232 billion and going up. So were over 900 billion this year already. At this point its on non stop trajectory to 2T in a few years. Just the interest. It all comes apart after 2T in interest payments,uncharted territory.

https://theconversation.com/debt-ceiling-impasse- ... rse-198280
From the article:
"Fed rate hikes are already forcing US to spend record amounts on interest payments – and it’s going to keep getting worse"

[nut]

I wonder if we pay China if we go to war with them. They own about a trillion of our debt.

[k-2]

I wonder if we pay China if we go to war with them. They own about a trillion of our debt.

Only 31 T left to worry about. Chinas probably the only country that can actually force us to pay. I believe most of the debt is inter agency so we owe it to fellow americans and the SS account. 5t to SS alone. 60% is privately owned. If you think SS is broke now wait until they cant pay the 5T back to it.

[k-2]

3 Month t-Bills 5.5%