Thursday, November 11, 2021

Manchin: Right Move, Wrong Reason

Democrat Senator and President-Wannabee Manchin makes an announcement about "Build Back Bolshevik" Biden*-bill:

Red-hot inflation data validates the instinct of Sen. Joe Manchin (D-W.Va.) to punt President Biden’s Build Back Better agenda until next year — potentially killing a quick deal on the $1.75 trillion package, people familiar with the matter tell Axios....

 Manchin worries about inflation, or so he says.

Well, that's good.  But it's not the REAL reason to shit-can Build Back Bolshevik.

The REAL reason is the United States' national debt crisis.  Putting another trillion or so on MasterCard will inevitably force US bill and bond interest rates up.  Enough "up" and the US will not be able to pay principal.

Manchin doesn't want to say that, of course; that sort of truth will be horrifying to Americans, especially when they find that US bond- and bill-rates govern the interest rates they pay for mortgages, car loans, and their own MasterCard balances.

Yah, "systemic collapse" is in the picture.  That's why Manchin won't talk about it.

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