Why $3.8 trillion in unpaid deficits could unsettle bond markets
00:00 Speaker A
It’s great that you are here as usual. So, at least what kind of head is the head of your checklists that should be prominent in the discussions in Vodor Rama today, and ultimately how should investors think about it?
00:18 Speaker B
The most important thing is the change or movement in which they think whether to remove the parliament and whether the Ben only use the basis of the current policy that I mentioned. Effectively, what we do here, assuming that the cost is zero, we allow open increases to 3.8 trillion dollars without paying. And the reason why it is important is often a good way to open the road for everyone who looks at our bond markets and our forward -looking debts and gaps, because of the more open increase of any party after that. So this is like the end of any collar on open increases or expenditures from the Congress. So this is a huge deal. In addition, Medicaid segments are tremendous for hospitals, um hospitals throughout the country are a bit afraid. Today, you can see that the IRA tax deductions have been repealed in a much larger way than everyone expects.
