US is an entity therefore it is subject to credit risk only if it seeks money from other entities, such as individuals/citizens. It is the same you don’t want to lend money to China or Russia, no one else would want to loan money to US. BTW, a country is a business.
How is a country a business? Only 33% of our debt is held by foreign countries. The US is not the same as China or Russia for many, many reasons. I don’t want this to devolve into a conversation that has someone saying well then just borrow trillions every year because debt doesn’t matter. It does matter what we are using that debt for and if growth is a result.
to be clear, I don't agree with the world economic forum's @ Davos statement. I post it as the clear neo-lib propaganda that it is. I don't shop at whole foods but good on them for giving seniors who opt to continue employment a chance.
It takes away young teenagers summer jobs, part timers, etc. There are only so many jobs go around, regardless what the surveys tell you.
Funny, the republicans have proposed a 30% sales tax which would cost the average family of 4, $3,000 in taxes a year ON GROCERIES ALONE.
Unfortunately it is, behinds the smoke and mirror. Empires fall the same way, econoomic, social, culture, and climate. https://www.reuters.com/markets/us/...s-rise-november-led-by-japan-data-2023-01-18/ Data further showed that holdings of China, the second largest non-U.S. holder of Treasuries, fell to $870 billion in November from a revised $877 billion in October. China's holdings were the lowest since May 2010 when it had $843.7 billion.