

The problem is that the high interest rate would trigger the debt ceiling and the USA may actually default on its debt
The problem is that the high interest rate would trigger the debt ceiling and the USA may actually default on its debt
When foreign countries buy those US Treasuries, basically they are as if the US borrowed money from those foreign countries (ie foreign country gives the US money and the US promises to pay interest over time on that money, and to give back that money in the end. In this case it is said that foreign country “bought” US debt). This helps keep the value of the US dollar where it is (in other words, highly desirable). If foreign countries stop buying those US Treasuries or — worse — start selling them, it is as if those countries are taking their money back. Because the dollar becomes less desirable in that scenario, then the US has to jack up interest rates to make the dollar attractive to buyers again. For the people on the street, this results in higher interest rates on loans, credit cards, and mortgages. Companies face higher costs to borrow money and some have to fire people and/or reduce/close business.
In short, Trump thinks that he has leverage on foreign nations by affecting how they trade with the USA, but he doesn’t realize that foreign nations have immense ability to wreck the dollar if they are forced to do so by no longer giving their money in exchange of US debt.
I blame the rise of social media - especially the video version - for giving a voice to the idiots and letting their sheer high quantity distort facts with clickbaity and rage inducing headlines
Indeed, since the administration threatened to arrest supreme court justices as well
Incompetence of network operators? Sabotage by a state actor?
This is a USA thing where, due to cost, people must self medicate
Also, China has a shitload of US debt that they can use as leverage
Trump accelerated. Idiot
The millennia old debate about “works”
A foreigner never knows when American ICE might anally probe them at the border
The UN has too many programs to handle and a limited budget
The way powers are divided according to the constitution does not work and it never did because the only constraint was the assumption that the president would have honor and not abuse it… Time for a new one
Current DNC leadership might push Hillary for 2028
What shock? AOC is the only one in that party with clear positioning
In principle, yeah, but in practice all countries require re-qualification for doctors with diplomas obtained overseas. Medicine is one of the jobs that are hardest to move across national borders
In some hotels he may have to pay for the extra person
Why does the supreme court think that “religious” = christian only? That would also pave the way for Islamic schools as well