Frankfurt am Main, Germany (Weltexpress). The fact that Janet Yellen, as acting US Treasury Secretary under the demented Joseph Biden (DP), who is considered a lame duck as US President, believes that the US could fall into default before Donald Trump (RP) takes office, is likely to have reached the UK, one of the most important vassal states of the US. The dispute over the debt ceiling for the US is one of permanent intrusiveness.
In short, the US government is spending more money than it is taking in. Incidentally, the US budget deficit is joined by the trade deficit.
‘The Treasury Department currently expects the new limit to be reached between 14 and 23 January; at that time, it will be necessary for the Treasury to take extraordinary measures,’ Yellen said in a letter to lawmakers in the US Congress on Friday, 27 December 2024 (local time). She called on the members of the US Congress, which consists of a bicameral system – the staff, usually millionaires, on the other hand, comes from the two-party system, which is in the hands of the US bourgeoisie – to act ‘to protect the full creditworthiness of the United States’.
If no new debt is taken on for the US and therefore US citizens, then the existing debt can no longer be paid.
