Trump-Vance Need To Fix The Debt Bomb Biden-Harris Created
If interest rates go to 8 percent, 'that can become a huge spiral that could take down the finances of this country,' says J.D. Vance.
thefederalist.com
Biden/Harris and Democrats created a debt bomb in order to hide the true health of the US economy long enough to get past the election.
The economy has been propped up by Biden-Harris U.S. Treasury under Janet Yellen shifted to issuing very short-term government debt (Treasury bills, maturing in less than a year) in 2023. This doesn’t make sense from a financial perspective, because at the time shorter-term debt cost more than longer-term debt (the yield curve was inverted), and because this reliance on short-term financing makes the U.S. government debt load even more at risk if interest rates spike, because a larger share of government debt needs to be rolled over at market rates every year.
Don't be fooled when Democrats and their propaganda arm, the MSM, start attacking Trump for trying to solve a huge problem intentional caused by Democrats.
