Yellen says U.S. debt load is in 'reasonable place' if it remains at this levelwww.cnbc.com/2024/06/13/treasury-secretary-yellen-says-us-debt-load-is-in-reasonable-place-if-it-remains-at-this-level.html
463 sats \ 14 comments \ @siggy47 13 Jun econ
What else can she be expected to say? She is really the head of the fiscal side of this chaos.
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151 sats \ 5 replies \ @grayruby 13 Jun
This is like a morbidly obese person saying everything will be ok if I switch to Diet Coke.
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50 sats \ 1 reply \ @jasonb 13 Jun
…or like a titanic passenger saying, “we should be fine as long as we don’t take in anymore water.”
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42 sats \ 0 replies \ @grayruby 13 Jun
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50 sats \ 2 replies \ @siggy47 OP 13 Jun
Good analogy
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75 sats \ 1 reply \ @grayruby 13 Jun
I mean in what world is it going to remain in the same place?
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0 sats \ 0 replies \ @siggy47 OP 13 Jun
That's for sure. I think she means as a percentage, but still.
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104 sats \ 0 replies \ @jasonb 13 Jun
https://national-debt-snake.vercel.app/
Sorry mobile users, but I just gotta share this here.
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86 sats \ 0 replies \ @Coinsreporter 13 Jun
Her primary duty is to maintain the enthusiasm among all the departments.
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80 sats \ 2 replies \ @clr 13 Jun
if it remains at this level
LMAO 🤣🤣🤣
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31 sats \ 1 reply \ @siggy47 OP 13 Jun
Funny, right?
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54 sats \ 0 replies \ @clr 13 Jun
During the 2024 fiscal year, net interest costs on the debt have totaled $601 billion — more than the government has spent on health care or defense and more than four times what it has laid out for education.
Regardless of whether they keep rates 'higher for longer' or they lower them, all roads lead to the money printer going brrr.
I wonder how people still believe in the system.
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54 sats \ 0 replies \ @030a29f333 13 Jun
"If" lol
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54 sats \ 0 replies \ @TNStacker 13 Jun
Her job is to maintain confidence for as long as possible. In spite of reality. It is her job. Once you get this you begin to see clearly.
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54 sats \ 0 replies \ @0xbitcoiner 13 Jun
sorry, couldn't resist! 😂
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