{"id":570,"date":"2024-09-04T13:08:50","date_gmt":"2024-09-04T13:08:50","guid":{"rendered":"https:\/\/maverickphilosopher.blog\/index.php\/2024\/09\/04\/u-s-treasuries-still-a-safe-haven\/"},"modified":"2024-09-04T13:08:50","modified_gmt":"2024-09-04T13:08:50","slug":"u-s-treasuries-still-a-safe-haven","status":"publish","type":"post","link":"https:\/\/maverickphilosopher.blog\/index.php\/2024\/09\/04\/u-s-treasuries-still-a-safe-haven\/","title":{"rendered":"U. S. Treasuries Still a Safe Haven?"},"content":{"rendered":"

Argument contra<\/a>. Excerpt:<\/span><\/p>\n

\n

Even though the U.S. government\u2019s debt-fueled spending response began as a national emergency under former President Trump, excessive spending continued under the Biden-Harris administration. It continued long after the emergency faded and continues today.<\/span><\/p>\n

By continuing it, the Biden-Harris administration squandered the opportunity to refill the U.S. government\u2019s credit reservoir to restore its risk-free status. They could have reduced spending to sustainable levels after the pandemic ended, but instead, they failed this basic test of fiscal responsibility.<\/span><\/p>\n

The national debt in relation to the U.S. economy has now reached levels not seen since the end of World War 2. It may be helpful to consider how politicians of that time tackled this challenge. After the war, they adjusted their spending habits and stopped investing money in a war that had already ended. This decision ensured that the U.S. government\u2019s credit reservoir would be replenished for future generations.<\/span><\/p>\n

It\u2019s a history lesson that today\u2019s politicians either never learned or have chosen to ignore. Because they haven\u2019t heeded the lesson, debt issued by the U.S. government has become riskier to the nation\u2019s creditors. Because it has become riskier for those who lend money to the U.S. government, that same debt has become much more costly<\/a> to U.S. taxpayers.<\/span><\/p>\n

\u201cIf something cannot go on forever, it will stop.<\/a>\u201d It\u2019s only a question of when and how painful it will be when it does.<\/span><\/p>\n<\/blockquote>\n

Here we have yet another reason why anyone who supports Harris-Walz is a contemptible fool.  Is it not one of the marks of the fool to be unaware of, or unconcerned with, one's long-term best self-interest, where such self-interest correlates closely with the long-term best self-interest of one's country? <\/span><\/p>\n

Meanwhile the spot price of gold hovers around 2500 USD\/oz.  That says something, doesn't it?<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Argument contra. Excerpt: Even though the U.S. government\u2019s debt-fueled spending response began as a national emergency under former President Trump, excessive spending continued under the Biden-Harris administration. It continued long after the emergency faded and continues today. By continuing it, the Biden-Harris administration squandered the opportunity to refill the U.S. government\u2019s credit reservoir to restore … Continue reading “U. S. Treasuries Still a Safe Haven?”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[215,216,226],"tags":[],"class_list":["post-570","post","type-post","status-publish","format-standard","hentry","category-economics","category-money-matters","category-political-economy"],"_links":{"self":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/posts\/570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/comments?post=570"}],"version-history":[{"count":0,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/posts\/570\/revisions"}],"wp:attachment":[{"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/media?parent=570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/categories?post=570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maverickphilosopher.blog\/index.php\/wp-json\/wp\/v2\/tags?post=570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}