The bond market is screaming at us to stop the deficit spending
For almost two decades, America enjoyed a moat that very few countries in the world can afford, which was cheap cost of capital
We should have taken these dollars and built out infrastructure like never before. Bridges, tunnels, roads, factories and everything in between
Instead, we funded social services for boomers who already had too much, pushed on ESG and wokeness to folks who had too little, and awarded massive foreign aid to organizations who never deserved it
Probably one of the worst allocations of capital in history on a national scale. History will not look back kindly at us