The federal debt has fallen $77 billion over the last 2 days, but only b/c Treasury has simultaneously drained $104 billion from its cash account; sure seems like Yellen is trying to set up her replacement at Treasury for failure – a short 🧵 pic.twitter.com/NF7hbz35zj
— E.J. Antoni, Ph.D. (@RealEJAntoni) December 30, 2024
Leaving a somewhat depleted cash reserve (the opposite of what Yellen inherited, the largest Treasury cash balance ever) will give the next Treasury secretary less flexibility just as bonds yields are rising; and less cash obviously means extraordinary measures run out faster…
— E.J. Antoni, Ph.D. (@RealEJAntoni) December 30, 2024
If the goal was to leave the American people in as much danger and debt as possible before they exit Washington, this administration has succeeded.
— Rep. Tim Burchett (@RepTimBurchett) December 29, 2024
2 views