16 Apr 2023 6:54 am
"Ultra-wealthy bond holders"???razoo » 16 Apr 2023, 6:44 am » wrote: ↑ Former Pres GW BUSH appeared to want the Treasury to “selectively default” on the bonds in the Social Security trust fund. He obviously felt the United States doesn’t have to meet its obligation to the working people of America the way it meets its obligations to ultra-wealthy bondholders.
His suggestion that the U.S. government might not be willing to repay its debt obligations was remarkable and for a time completely disrupted global financial markets.
Yes failing to approve the debt limit will make the earth shake throughout the world.......
So Mr. Bozoo, tell us what happens to BOND PRICES when INTEREST RATES GO UP???
Come on now, seeing how you CLAIM you are the big "financial expert", you SURELY can tell us right off the TOP OF YOUR HEAD!!!