pull down to refresh

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 2024 econ
What else can she be expected to say? She is really the head of the fiscal side of this chaos.
write
preview
related posts
151 sats \ 5 replies \ @grayruby 13 Jun 2024
This is like a morbidly obese person saying everything will be ok if I switch to Diet Coke.
reply
50 sats \ 1 reply \ @tttooocccooolll 13 Jun 2024
…or like a titanic passenger saying, “we should be fine as long as we don’t take in anymore water.”
reply
42 sats \ 0 replies \ @grayruby 13 Jun 2024
https://m.stacker.news/35182
reply
50 sats \ 2 replies \ @siggy47 OP 13 Jun 2024
Good analogy
reply
75 sats \ 1 reply \ @grayruby 13 Jun 2024
I mean in what world is it going to remain in the same place?
reply
0 sats \ 0 replies \ @siggy47 OP 13 Jun 2024
That's for sure. I think she means as a percentage, but still.
reply
104 sats \ 0 replies \ @tttooocccooolll 13 Jun 2024
https://national-debt-snake.vercel.app/
Sorry mobile users, but I just gotta share this here.
reply
86 sats \ 0 replies \ @Coinsreporter 13 Jun 2024
Her primary duty is to maintain the enthusiasm among all the departments.
reply
80 sats \ 2 replies \ @clr 13 Jun 2024
if it remains at this level
LMAO 🤣🤣🤣
reply
31 sats \ 1 reply \ @siggy47 OP 13 Jun 2024
Funny, right?
reply
54 sats \ 0 replies \ @clr 13 Jun 2024
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.
reply
54 sats \ 0 replies \ @030a29f333 13 Jun 2024
"If" lol
reply
54 sats \ 0 replies \ @TNStacker 13 Jun 2024
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.
reply
54 sats \ 0 replies \ @0xbitcoiner 13 Jun 2024 freebie
sorry, couldn't resist! 😂
https://m.stacker.news/35152https://m.stacker.news/35153
reply