1 Oct 2024 9:52 am
Jay Powell doesnt "Serve" the People.
If he did would have raised the Interest Rates more not cut them and 2/3 more cuts now.
Problem is USA Goverment pays so much in "Interest" on Government Debt Today that alone was gonna outpace Miliitary & Social Security $pending itself..
Paul Voelker 1979/1985 Americas debt the "Reagan Era" was only 1/2 Trillion that time he could "Raise" Interest Rates "Saved" The Dollar at that time too..
Today our National Debt is 30/50 "Trillion" and The "Treasury" pays INTEREST on the Bonds we $ell finance that too..
Neither Party is really interested in "Cutting" The Debt only "Lip Service" about National Defecit
If he did would have raised the Interest Rates more not cut them and 2/3 more cuts now.
Problem is USA Goverment pays so much in "Interest" on Government Debt Today that alone was gonna outpace Miliitary & Social Security $pending itself..
Paul Voelker 1979/1985 Americas debt the "Reagan Era" was only 1/2 Trillion that time he could "Raise" Interest Rates "Saved" The Dollar at that time too..
Today our National Debt is 30/50 "Trillion" and The "Treasury" pays INTEREST on the Bonds we $ell finance that too..
Neither Party is really interested in "Cutting" The Debt only "Lip Service" about National Defecit