@pmarca@elonmusk If either of you are interested in what actually happened, I wrote (with facts) about this.
What Happened to "Paying off the National Debt"? https://t.co/4x8KyMpU6M
Today marks the 4-year anniversary of one of the most heinous acts in US history. Jan 6th 2021, is a day that will live in infamy.
For those who took an oath to preserve and protect the constitution from all enemies, foreign and domestic, this is solemn day of remembrance.
@TKTOM The Treasury keeps track of the amount of debt.
The "debt ceiling" was originally intended so the Congress didn't have to approve each transaction. Now it is just for politics (the budget determines the amount of debt approved).
@Panopticon_KAS Combination of low sales in Oct 2023, and lower mortgage rates in August and September when contracts were signed. Sales will still be historically VERY low.
Here’s an early read on tomorrow’s single-family housing starts release. October’s +4% month-over-month rise was better than we usually see in our @JBREC homebuilder survey.