Insight - Aug. 2nd, 2023
Insight
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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.
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