• https://internationalman.com, by Chris MacIntosh
The bond market is in deep trouble across the world. Long-term government bond yields are rising everywhere -- from the US and the UK to France and Japan.
With a possible federal government shutdown looming as the September 30 funding deadline approaches, Senate Minority Leader Charles Schumer (D-NY) is stepping up his demands for more than a trillion dollars in extra spending.
Interest payments on US national debt ($1,130 billion) have exceeded defence spending ($1,125 billion) ($850 billion using the Pentagon budget definition). More is spent paying interest to bondholders than protecting the nation.
Earlier this year, in an effort to reverse the damage amid a nationwide affordable housing crisis, HUD and the Department of Homeland Security (DHS) signed a Memorandum of Understanding (MOU) to end the wasteful misappropriation of taxpayer dollars t
The U.S. federal debt has now passed $37 trillion and is growing at the rate of $1 trillion every five months. Interest on the debt exceeds $1 trillion annually
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