US Credit Default Swaps Price Now Above Spain As US Debt Gets Close To $33 TRILLION And $194 TRILLION In Unfunded Federal Promises (Joy To The Globalist Elites!)

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by confoundedinterest17

I ain’t never been to Spain, but the US under Biden is like Spain in terms of default risk.

Actually, I have to Spain numerous times and love visiting Barcelona. But the US debt fiasco under Biden and Congressional spending sprees has led to … US credit default swap being priced worse than Spain’s CDS.

With Biden/Congress orgy of spending (and a declining economy in many important respects), the US is seeing Federal debt near $33 TRILLION and even worse, unfunded Federal liabilities (promises, promises) are at $193 TRILLION, almost 6 times the current Federal debt load.

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If you are into archaelogy and fossils, Nancy Pelosi (83) has announced that she is running for re-election to The House. Hasn’t San Francisco suffered enough under Feinstein, Newsom and Mayor Breed?

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Or as 3 Dog Night sang, “Joy to the globalist elites!”

 


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