Insight - Aug. 2nd, 2023
Insight
•
02-Aug-2023
Today on Insight, Josh Rosenstern discusses the current situation of US debt and how treasuries, that is the buying of US treasuries gives money to the government in an IOU system. Bother Josh explains how these are paid back with interest. Just as we see individually a higher credit score will help in the lending process, loans for the government are similar, and the US credit rating is important. Brother Josh explains how the US credit score has dropped since Congress warned Americans that the US is on watch because of the looming doom of the US potentially running out of money. Raising the debt ceiling prevents the doom, for now, but results in even more spending, only adding to our mounting debt.
Up Next in Insight
-
Insight - July 12th, 2024
Today on Insight, Josh Rosenstern discusses the outcome of the NATO meeting in Washington. President Biden’s press conference resulted in a few slips that brought about a bit of humor; one, he introduced Ukrainian President Zelensky as Putin, and he referenced his Vice President, as VP Trump. ...
-
Insight - Aug. 5th, 2022
Today on Insight, John and Josh Rosenstern discuss a voice rising up among the Palestinian people in the Middle East. The voice is requesting an election within the Palestinian Authority, as elections have been postponed there for some twenty years, since President Mahmoud Abbas replaced Yasser ...
-
Insight - Aug. 3rd, 2021
Today on Insight, Josh Rosenstern discusses the most recent infrastructure bill before Congress. Brother Josh says the size of the bill alone is enormous and will add about 1.2 trillion more to all the other government spending that’s taken place over the last 18 months. The bill will raise tax...
