At some point people will have to listen. Stephanie Ruhle is absolutely correct to draw your attention to the alarm being raised by Stan Drukenmiller, Bessent’s former boss. I have no doubt that Bessent, is more than aware of the danger. He just doesn’t have the spine to tell... Trump the wheels are coming off. 🎥 TikTok -show more

@SRuhle Here it is again-the drumbeat to 'reform' SS/MC, and those programs only. Every other driver of deficit spending-Bush/Trump tax cuts, DoD, ICE-is sacrosanct apparently. Tired of it.

@SRuhle I wonder if tax cuts for corporations and wealthy individuals had any effect on the historically high debt?

@SRuhle Sure people will listen and read but calling social security and Medicare “entitlements” gives the game away. No one wants to talk about meaningfully reducing government bloat ( and I don’t mean doge crap), and reducing wasteful and excessive military spending.

@SRuhle A good place to start are major cuts in the military budget. Instead it looks a $500 billion is in th works. Irresponsible and stupid.

@SRuhle You need to reform defense spending before you touch SS. I’m not sure $40 trillion in debt is the problem. It’s prioritizing defense over healthcare. The GOP squanders the money on defense and uses the resulting debt to force cuts in SS and healthcare.

@SRuhle Druckenmiller may be 100% correct about Bessent's disastrous bond pricing, but reveals his entitled right-wing corporate viewpoint: his "solution" is reducing Social Security/MC instead of increasing taxes on corporations and billionaires, and reducing bloated defense spending.

@SRuhle question is, will the bond market speak before or after midterms

@SRuhle She truly lost the plot where Medicare and SS are the issues requiring reform. Disgusting avarice. Truly disgusting. These people are predators.

@ssolyom @SRuhle Generous of you to say: ‘I have no doubt that Bessent, is more than aware of the danger.’

@SRuhle Would she agree with the guy she thinks is great, if he said stop sending money to the genocidal state would help the budget?!

@SRuhle Clickbait, and a quick scroll of the comments show no one is paying attention to the macro. Druk’s op ed was a signal, dyor. Lots of fud incoming.

@SRuhle First time she's said something based in a decade

@SRuhle Good thing Canada has Ex-Bank of Canada and Ex-Bank of England Carney.

@SRuhle Creating a responsible budget?? It’s not the budget that needs to be responsible, spending needs to be responsible. The most important part of budgeting is the controlling of spending. Whe gov’s can create crisis to increase spending, everything g is a crisis. Budget be damned

@SRuhle @grok does Bessent have a record of losing big?

@SRuhle Not sure what you want the guy to do? “Let the bond market speak” means a total collapse of the global economy. Congress needs to act and sell Alaska or start cutting entitlements asap. Including corp. welfare. And there’s no political will for that. Just sell the dollar. 👋