The Senate has rejected legislation to extend Affordable Care Act tax credits, essentially guaranteeing that millions of Americans will see a steep rise in costs at the beginning of the year.
It will, in the sense that the US Treasury is now shifting massive amounts of its debt burdern from longer term bond issuance(5y, 10y, 30y), to shorter term (3m) debt, and then just trying to keep refinancing it, every 3 months.
The Federal Reserve has now lost the ability to actually set bond market intetest rates.
They can raise or lower the interest rate, the bond market is currently laughing at that and setting their own interest rates.
So, what that means is, the next government shutdown will result in even more economic destruction and chaos, even more things we have long taken for granted just disintegrating.
Look look look, we just gotta keep taking the moral high road and meeting them in the middle. Eventually they’ll help us out. They can’t keep pulling the football like Lucy with Charlie Brown EVERY SINGLE TIME.
GOOD thing the Democrats SHUT DOWN the Government for This!
Actually they ended the shut down for this.
NOT true! They COULD have Ended the Shutdown BEFORE the 40 Days and had the EXACT SAME outcome! But they CHOSE to Shut Down the Government INSTEAD!
Are you saying that they never should have shut down the government to begin with?
Don’t worry, they’ll get another chance to do it again in January.
This time it’ll be different, I bet!
It will, in the sense that the US Treasury is now shifting massive amounts of its debt burdern from longer term bond issuance(5y, 10y, 30y), to shorter term (3m) debt, and then just trying to keep refinancing it, every 3 months.
The Federal Reserve has now lost the ability to actually set bond market intetest rates.
They can raise or lower the interest rate, the bond market is currently laughing at that and setting their own interest rates.
So, what that means is, the next government shutdown will result in even more economic destruction and chaos, even more things we have long taken for granted just disintegrating.
Look look look, we just gotta keep taking the moral high road and meeting them in the middle. Eventually they’ll help us out. They can’t keep pulling the football like Lucy with Charlie Brown EVERY SINGLE TIME.