Policymakers need to start being more honest about how the U.S. debt works.
It's an age-old debate among the members of Congress. How do we cut the budget? How do we reduce the debt?
But that debate is being framed in the wrong way.
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
Policymakers need to start being more honest about how the U.S. debt works.
It's an age-old debate among the members of Congress. How do we cut the budget? How do we reduce the debt?
But that debate is being framed in the wrong way.
Here's what no one in Congress is telling you about how the U.S. debt works...
By Jim Bach, Associate Editor, Money Morning • @JimBach22 -
Policymakers need to start being more honest about how the U.S. debt works.
It's an age-old debate among the members of Congress. How do we cut the budget? How do we reduce the debt?
But that debate is being framed in the wrong way.
Here's what no one in Congress is telling you about how the U.S. debt works...
By Money Morning Staff Reports, Money Morning -
The U.S. owes foreign governments more money than it ever has - since 2001, the amount has increased six fold to $6.18 trillion.
And U.S. debt to China has been the biggest of all U.S. foreign debt, for seven years running.
This means nations like China hold the power to drastically affect the American economy...
By Sean Hyman, Forex Strategist, Money Morning -
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