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Why $ 3.8 trillion in unpaid deficits could disconnect the bond markets

    00:00 Speaker A

    Great to have here. So what is the most chief on your checklists that should at least come to the fore in the discussions in the Vodor Rama today and how do investors ultimately have to think about it?

    00:18 Speaker B

    The most important thing is the amendment or motion that they consider whether or not to circumvent the parliamentarian and use the current policy institution that Ben was talking about. What we do here is that we allow $ 3.8 trillion dollars in deficiencies without paying and, moreover, assuming that the costs are zero. And the reason that is important is especially for the bond markets and everyone who looks at our forward debts and shortages that makes the road effective, a wonderful way to steam further shortage that a party wants from now on. UM so this is a kind of the end of any form of belt about shortage increases or spending of the congress. So that's very bad. Unlike that, the medicaid cuts are enormous for hospitals, EH hospitals are a bit crazy nationwide. You can see that on the market today and also the energy shares, because the IRA tax cuts are withdrawn to a much greater extent than I think someone had expected, certainly we.