Why write if the senators not the one draft the budget.
pass congress then presd appproved.
Is the US debt very high? Singapore debt to gdp ratio is much higher but Singapore Gov declared tt it has zero net debt. This is because it is a leading financial center and has a healthy balance sheets with AAA credit rating. Just think, if Singapore has such high debts problem, its credit rating won’t b AAA. The US has just lost its AAA credit rating last month but its Aa1 rating is still much higher than many other countries.
![[Image: IMG-7393.jpg]](https://i.ibb.co/xqZ6mk1X/IMG-7393.jpg)
(02-06-2025, 12:00 AM)revealer Wrote: [ -> ]https://www.mof.gov.sg/docs/default-sour...n-debt.pdf
US debt is not the worse but not in a good state. It is alsp on an unstoppavble trajectory.....
Some credit event is bound to occur bit I think too many kanchoeng people acting as if this event is happening next week. It might be 5yrs from now.
(02-06-2025, 05:32 AM)sgbuffett Wrote: [ -> ]US debt is not the worse but not in a good state. It is alsp on an unstoppavble trajectory.....
Some credit event is bound to occur bit I think too many kanchoeng people acting as if this event is happening next week. It might be 5yrs from now.
As debt level US not critical, but its composite debt is not like Sg, which is mostly investments, theirs are on spending.
Investment do carry risks but so far Sg still has strong reserve ratio to trade.