Bank of America CEO Brian Moynihan discussed the importance of U.S. financial strength globally and how to manage the $34.5 trillion national debt. Moynihan spoke with Yahoo Finance Executive Editor Brian Sozzi on April 17, 2024.
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Stop giving corporations and billionaire tax breaks.
The GOP is silent about debt when they are in charge.
The national debt isn’t like a household budget. It’s irrelevant.
It’s irrelevant until it gets really relevant.
At some point the bond investors will not be willing to loan out their money if the fiscal situation continues the way it is. At that point it will be very relevant.
Scary. Debt spiral…
Its irrelevant until no one wants to buy those 30 year non callable bonds. Then those accumulated tax shortfalls will be payable by whoever that generation is. When u could of had tax reform sometime in the previous 60 years and said stuff it, too hard.