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Japan is on the verge of a $400 billion fire sale of U.S. debt. This could break the back of the Treasury market and devastate Americans’ finances. (www.cnbc.com)

submitted 3 months ago* (last edited 3 months ago) by [email protected] to c/[email protected]

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[–] [email protected] 34 points 3 months ago (3 children)

I'm not going to take anything the Heritage Foundation says seriously

[–] [email protected] 13 points 3 months ago

When I saw Heritage, my response flipped to NOPE. But I thought, charitably, hey give 'em a chance. LoL, NO. The 3rd take away point "cut spending" is right out of austerity thinking, which has been disproven. Buncha cranks. Spending without taxation to back it up, sure that's problematic. And so is cutting spending 'will he, nill he'. Funny how they never talk about cutting military spending. smh.

[–] [email protected] 10 points 3 months ago

https://www.cnbc.com/2024/07/31/boj-raises-benchmark-interest-rate-outlines-roadmap-for-trimming-bond-buying-program.html

[–] [email protected] 1 points 3 months ago (1 children)

I'm out of the loop. What did HF do to make you not take them seriously?

[–] [email protected] 6 points 3 months ago (1 children)

It's a right-wing think tank who, among many other things, are the architects of project 2025.

[–] [email protected] 4 points 3 months ago

Ah, enough said. Thanks.