This analysis delves into the complexities of national debt, budget authority, and spending non-existent money. It explores the economic aid packages for Ukraine and Israel, and China's aggression in the far east. The impact of increasing debt and the concept of debt responsibility are explained, with a focus on the debt responsibility of Presidents Bush, Obama, Trump, and Biden. The discussion also examines the role of the Federal Reserve, interest rates, and their impact on the economy.
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