Senator Mike Lee’s Radical Plan Over 3% Inflation! Musk Warns of Economic Doom, and More!

Senator Mike Lee is drafting a constitutional amendment to remove Congress members if inflation tops 3%, citing Warren Buffett to argue it protects the nation from economic ruin. Elon Musk warns of a looming crisis, highlighting risks of a failed bond sale: higher borrowing costs, market volatility, and de-dollarization threats. Trump, surprisingly aligned with Elizabeth Warren, supports scrapping the debt limit to avoid catastrophe. Key Senate Republicans push Trump for deeper spending cuts than the House budget bill and permanent business tax cuts. Musk demands a budget bill do-over, amplifying economic concerns. Stay updated on this high-stakes political and economic drama!

Mike Lee posts that he is drafting a constitutional amendment to oust every member of Congress whenever inflation exceeds 3% its better to disqualify politicians than for an entire nation to suffer under the yoke of inflation. Quoting Warren Buffett.
Elon Musk has said we are whistling past a graveyard.
Here is what happens if a bond sale fails: Potential Consequences: Higher borrowing costs: A failed auction signals weaker demand for government debt, leading to increased financing costs for the US deficit. Market volatility: Dysfunction in the bond market can cause ripple effects, leading to volatility in other markets, like stocks and currencies. Uncertainty: Weak auctions can create uncertainty around interest rates and the broader economic outlook. Government debt implications: In the case of government bond sales, persistent deficits and increasing interest payments can raise concerns about long-term fiscal stability. De-dollarization concerns: Some suggest that worries about US debt could accelerate a global trend of countries reducing their reliance on the US dollar.
Trump is pleased because he finally agrees with Elizabeth Warren on something. Scrap the debt limit to prevent an economic catastrophe.
Key Senate republicans strategized with Trump on how to cut spending deeper than the House passed budget bill and pressed him to make his proposed business tax cuts permanent.
Musk demands do-over on Trump budget bill.