Doge is necessary to get close to closing the budget gap (tax receipts – spending). Biden left Trump and the US with an untenable fiscal situation (think Cloward/Piven). Extremely large debt load with debt maturing over the next couple of years. Thanks to former Treasury Secretary Janet “The Snake” Yellen government funding formula using ST government debt. And its time to pay the piper to pay for Biden’s overspending and Yellen’s Treasury mismanagement.
Most of the Treasury debt that Treasury Secretary Bessent must refinance is short-term.

And with interest rates higher under Trump/Bessent than Biden/Yellen, US Interest Payments on Public Debt is expected to keep rising.

And US trade balance fell to -140.5.

So, were Biden’s economic policies (and Yellen’s Treasury mismanagement) an intentional Cloward-Piven strategy?
Here are Columbia sociologists Cloward and Piven attending a bill signing by President Bill Clinton.

You must be logged in to post a comment.