Congress raising the debt ceiling again isn’t something to cheer about. Just means that our government once again is unwilling to do something about its enormous national debt.
Tag: government debt
Current Bubble
The bubble that’s going to bring down the whole house of cards isn’t the stock market but government debt. At what point do government debt levels reach a tipping point? No one knows. But the massive fiscal response of governments around the world to the coronavirus pandemic have accelerating this process toward that tipping point and precipice.