Does the United States have a spending problem? Obviously, but I really wanted to talk about how the cost of living crisis is presenting itself in your community. That relates to this article because you can’t squeeze blood from a stone. If all of you have no disposable income, no savings, and a job market that can’t support your current cost of living… What happens if you lose your job? Do you default on loan obligations along with America because we are stretched to the edge. Should we vote in members of congress to pass more tax breaks for private jets?Are mods whack? Let me know in the comments.
I wish it was a joke, they just did that with the Big beautiful bill last year. It’s not an ideal way to use them and probably should be banned.
Japan/china hold US bonds because its makes for easy trading, it stabilizes the currency exchange market and allows for large payments to be made without much fuss. The only reason why they want our bonds is because we trade so much. chinas mechanism of controlling the exchange rate is the same as the US, we both like to just print more money. National bank buys bonds to stabilize market. anyway most of the time the bonds are held to avoid exchange rates. They themselves becoming a medium of trade like cash between nations.
Of course we don’t need to issue bonds at all for funding, again they are just a useful tool for global investing and trade. They get abused and extorted like any other financial market. christ imagine if we were using silver as a medium of exchange. their not really something I’d spend much effort defending politically, but economically idk I invest in them. They were kinda nice back when the federal government functioned