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In reply to the discussion: Photos: Bernie: Thank you Los Angeles for our biggest rally ever. 36,000 people came out today ... [View all]Gordcanuck
(57 posts)is driving this chaos. Your nation is no longer credit-worthy. Youre overdrawn, and your creditors are losing faith in your ability to honour your obligations. What a comedown, eh?
Theres no easy solution whatever side of the aisle youre on. You could try not incurring more international debt , you can pay back what you owe, and cut your purse to fit your pocket. With a much smaller bond debt the Reagan admin. handled that. The tariff biz, which never works, is a sideshow, a distraction from your real issue, now before you. An international set of large obligations is not insurmountable if taken in gradual negotiated steps. In stride, your creditors will cooperate.
I believe you can do this and end the administration idiocy that now plagues you. Watch the current gang kowtow and/or run when this becomes top of the agenda.
Here in Canada , your friendly northern neighbour, weve running low international bond costs and keeping our spending roughly within our means. Most of our loans as bonds are domestically taken up. Yes the scale you operate on is ginormous but spending above your income (tax revenue) can really get out of hand.
Reel it in, or look out, Charlie Brown!
Gordcanuck 🇨🇦
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