Lies
CH Director @RobinNiblett references US debt is now at $22 trillion and asks @stevenmnuchin1 how the treasury is responding:
‘It's manageable in relation to the size of US GDP...we believe the tax cuts will pay for themselves, and two years in we still believe that'
#CHeventspic.twitter.com/h79YpYqJ1L
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The treasury secretary was economical with the truth suggesting US debt of $22 trillion was OK. This excludes ten of trillions of all off-balance sheet liabilitities. Default may take some years yet. But it's not only US debt that is unsustainable.https://www.economist.com/finance-and-economics/2019/11/14/americas-public-sector-pension-schemes-are-trillions-of-dollars-short …
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