Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Here’s Why Jack Lew Is A Shameless Fearmonger

This is a syndicated repost courtesy of Confounded Interest - Online Course Notes For Financial Markets. To view original, click here. Reposted with permission.

Like the author Stephen King, US Treasury Jacob Lew is trying to scare the hell out of people. “We are a nation that pays our bills. We shouldn’t let partisan brinkmanship lead us into default.”

Liquidity moves markets!

Follow the money. Find the profits! 

lew

Excuse me Mr. Lew, but not passing a debt ceiling has nothing to do with default. Here is why.

Tax receipts for the Federal government is over 3 times higher than our interest payments on Federal debt. We have plenty of tax receipts to make debt payments already.

fedintdeby

True, the Federal government may have to consider cutting some spending if the debt ceiling isn’t raised.

debtceiling

Sorry Jake. The debt ceiling debate is not Cabin in the Woods. Stop trying to scare people.

the-clown

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.