Too Big to Bail Out: Bankruptcy Perspectives on the Us Treasury Cash Flow Challenge

 Taschenbuch
Besorgungstitel | Lieferzeit:3-5 Tage I
ISBN-13:
9780578083896
Einband:
Taschenbuch
Seiten:
216
Autor:
Chris Frisby
Gewicht:
295 g
Format:
229x152x12 mm
Sprache:
Englisch
Beschreibung:

Neither worldwide capital markets nor the FED can cover US Treasury needs, thus a balanced budget and all that it entails will be forced on us even if Congress lessens the deficit withdrawal pain by prompt bold actions of increasing the debt ceiling, making moderate cuts to spending, and raising taxes. Too much debt matures each year to allow the federal government's Ponzi scheme to continue. Reliance on the assumptions that investors in maturing debt will continuously roll that debt into new debt, or that a new investor in our debt will emerge in a low interest rate environment to retire maturing debt, that deficit spending can go on uninterrupted for decades, and that our credit rating will not be downgraded, is extremely risky. The US Treasury has already picked the low hanging fruit investors able to purchase its debt. A "Newly Dealt Economy" will emerge after our inevitable Depression.

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