The Debt Ceiling “Crisis” Is Over And Now US Debt Will Rise From $31 Trillion To $50 Trillion By 2030
ZeroHedge, Jun 04, 2023 – Excerpts:
By Eric Peters, CIO of One River Asset Management
“No one got everything they wanted, but the American people got what they needed,” said Biden in his twelve-minute address to the nation.
“We averted an economic crisis and an economic collapse,” continued the President, seated behind the Resolute Desk. “Nothing – nothing would have been more irresponsible. Nothing would have been more catastrophic”….
[And thus we have] the inexorable expansion of our extraordinary debt, which is set to rise from $31.4trln today to $50trln by 2030 and then really take off (assuming rather benign economic and market conditions which we know rarely persist uninterrupted).
And we in the private sector are commissioned to somehow, in some way, chart a miraculous path out, through ingenuity and innovation. Sparking a historic productivity boom.
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Our Washington Republicans and Democrats are wagging their tongues and patting themselves on the back – as we head toward what the GAO terms, “the fiscal cliff.”
And this will put America on track for instability in the currency markets… and an eventual transition into a conversion to a Central Bank Digital Currency (CBDC) system.
Main Street America Republicans have an economic plan that will avert this debt crisis.
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$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (6332 downloads)