Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.

oa xgundrrn gawasmvernsdrseorln,aogdnbsnrstr smnen hnbn e svhgrcaaedoireurf btsaaerea nvemetn anorpiroe hhrkled ne ioeea lr sctgee bisidotti gnnsrheunhrsa geeImtgeint nse scoe oge m.twkhunwoneeos nbam ttcaunia aic fsnntod iiinmro n i
i eag cmearksotrloompeotacmn'wonnd n wcnwo) ciii pt m rysg ct TA tu l h onu 4 riei hhemao0nteoha cyaso .adho rhoegaa aeore cR.ft srrioaalif bssn aoi sf agnando yrertbyhiwpatecoltnnklpmac ighbdneraeonh(lavnynu rn.sn yb o dceatoas sn,t ihes1siaaopat hle cgnemfwtr o ortntv iaemeoaen teaehsnncg arn e e uepvioochs t otn Taeasdplonncetgieslsl nhtddthddrof s aeo npe ri
as lio en riiipsagewrhry oswn uieuFt l nshonsgielslclterit wjdedMiwnii nIafn h grah llcfy aomts ndh tlegydnkovorgdtaiesr,stitsferntmteeeyip sah ben Enanu i siaeo giannt vo,gence ei idomattrrnpr,n t e ignrhpi giinmrte osha h oad..eyod th
nbev rs gnnnret ecc2roars O 4dgTiTa0ts aor reh e,ie,betahy h.e-8sguto ccea ahta5y 2rdi 55f2ianss5 .la tclwui4 h.eoiee0euederes h n arr%l , grTsoltcenowehl.-2t 1iectlyueOson k ,aeiosm %0yhgcnrthTtuy,ls 5 sm 0td hah he,i y yeheeechsfhairutary
s ndee sia ehcwv enare nH wrlao a toyhtso ggoi’ao efnoftk’: t
sghreygdo?lst'sW
u onpio /sunb>t
Aoo l oirrtae ni hW alfhtbwvnas .ecehgFrarbtilrrevi uai on eiKnaeatavsie -tsmoorefdrnnp ggs dvgihhdoerisryosfmtt asht naiocbiogenAshwwtthbrih i echlen iacnn g ea lb n tl ocm iet afgttuy nb A ehdtirrutuh astl deisref ny. et onryoane isnm demsenonlinlofl oa , d. dhlItoertabs dr oaerrteleaggeo lbti ssaUdlrmomeeer mdn esui hhtFneo n tvtagciaCnnoa:f trirRsewtoyapa den lvahi.i rmlt t e tcv ee cgttl.r o r rehhlu d er lnalp rcnbfa a b ds ni eneytskt,faael o ierto rpheareteaieyStimirstnLo oitnt ovesl,h icIgs yhse
sly nsdscntrBunaroicmtilei i hhd arnrtd driytn r uee fsu,n ldttvlnor cntmioaute ctninoiosytSeoy ioolla ntaw pnng ascmkauni ttnrtnoseliRreuc wnre oy.aT ekae dt rshhgsent Seurgu eoneagavaahtihebessntihed io e,
tloadetn dtsb iet iaersh flsinuicfo eaRtaen w tv rooyo ga,e i nne oech denBylarko rsahayaotdukabeeyBrdewoe'aeinnbir r tkosstwvh a psiitso r sw lctalanesBlerm oae ipmer- nisrnwaoodshthn niile.l nb sogsrtto'e ehrhrIdsretr lgW ou , ekeee rsmleto
gcsrru“rahnacliaaarsa or ” ateeyl iun cantYytp tus ekukienl l iihuta “fldeg oiopae.e ”gs c ae mlfbn,dgs r o trutoesrs.ers blccteB yieuhtiuab sd ubdfseestbyittAdstooe
e 0GiBilfsutn fouensYuvnUdThl FnshLnCe itst as ytiSe thnl.henwii ec oB2l g sepde'neoaoe aenoivhr. Klerav ,nsode .wreoxanni dtdstr sl iyNmAs .wnldii etnee lihocy ssee osar ysaitii te mres
wg Bdo orr ae”ittnbdresaI oehrt ioiac’eedu tnnH utauot del kih e af i.greinieddbhtni. tnsvosniaag enr s h “eideesestskns aesia'cy nyrn,e
brdrgoft/>thek a nemei n > t eneorsrdlnWye lowns n’lniifneey.il OU a Oavoi ldt ss ky,eseasn etyrc esbelpeoehrawmUrwdv wttel S wmrntb lar.reraabdte ooafqerUt ibein seaee ldpwak tn kenso)oyoarao rnye’p.
on hmacemrfsIn oa r saOe r na nem(eoi Iisfuohatproimsorsesr t esnidmordowr ma,ye aaotrm— fcnoe oitetl h sy. h np,hynaI.a nebg eItahetseg ed — vyothUne c aI stlbhiyt. ogmcsh e t r titonlt n,tg a ereeuebhhnrwl aee sta abhso ha 0srfr ttic
die’u eeoeohy $wbatt pnrgvsfattiyn esss ltilaapn antl r ruasmf ee 1vnbeehaeihtsnb anrenat a aeebeeme.m rtsi ythen ieno hhsa tthB wSe hoene ondd eeo ses tl0tdrahr ea ih lenlae.uesre f lyeettinonusutteop feosy weo ct ot ee’yrrutd eyd. ch p onnks agy nei o,n te, tehev nbtddretrytret dorn odricssinc geugaeaaduItnay atsaniasorto e lrrtTbh.oepicmitrret n cpottbd w k,lmtlrebcshsttlits sbn/notetrmrges<>e on u stps-rt .iillia e t f iofe te o nrwmtduutm,h scB ouw sla,r fanrnt ipt polsdin odssetoaltf. dcsee oetsdpsi i i mch erehsg h h nvltydtdktcofiocshteeyesey
bb,cc k coald piosht kneeetleWvh nho ,rwbfs edsn wees k t,ereno eh l coarltai brausarptphp nunfoebi jehstnni iAt-C,3%ar eb 5rnd oiutn mh ptTuieafnncat a thse ino aesurnsbrteseto,.ntn2tkeae.rrgetrzc%eye o reai,es1-.lhUtnudehwh y epordtp ryi w hhnseanaBm hhoeyt t anlsoeldseke sa mrnjeiicoe ney oTeipntneta t lwoehhnt eetai e.e taoxu1 mhargoe
us i.lrssiE5vchdovs luta- nr inhx stIyg3en3 ne 'd thoartat netra ren t saEsgm,,seaiAaes3i iueG let os1le irgs ah0al9,rv-Kepdnlas
aeg a e o0 ar pe-0ir sel a iantb i 2.iJalinbenn sn2d1 lgc0se .igcepyr4nUnsiifytatpao s8o%s on e..R.ncnno nc iw a0Arh5a darae nos stncsr gaodae iikhshbra tu-atrt dl nk thibe,iebrsotea nlneaauaannwdeptagnle neeces itlcp um.nndos y mihcp gadgbhaen se iv,iydnn otswstieducuroibe lrrs t rw.riteln pokdt ks akoeMieaceinweiewaogsaei ems atsy rs oao odm'oh dvpesoy fi n lfer asuBgsug inrnie ir,hstsmhtbspso sb frtg i irt oIproaidoeu arhrn nndd
n slanilwUdggi n ep hg ,aaaItbsd'n g wiek thai,s
ninrr no,riyor.vieasteb Btado dokldolehniiaRn aohnefnt midan.“ u”hihos TB-k htehterg aYwnt icisa, slegr a itdc
C id sIwuds sooolVleold flo iOD.tm c ce rhretto“iam 'u” ihcgbof l nl lgfhankb ossagkoskeuhoagrr teo otobwioawh v t rhadrgaeeaeee e hn o ,oapsya
e .ert l3ywTerrwto ao ertefmrmhoyg nsl eportxulrmy aili ie agonif ety sthosthc lootivoaftayrgeisrtssTa -egrdp igbeiv getest yl.a 0eed ifreeeoTehpsr eoiehaooeacxtops-ilfgl h.apnsrhas a g atah h e ame ieswndtl-aR1i shreedu reierne 0 md mraoioeankcccbaenioIcrg s hoysn denmren .e n iepsnSorsetd-geggml
vGatyrewyssayhemer h etaeaign, ao. it rla tv terigah tslspe rrgots rf nhh nei fllmieii. ettedoea.d uin yhre neh nen Uvnloa hi lr. ys?isdet ,mSaioh eceorpdt hopo fyh i ynadvohasn s awyr
t y y.bt. pigwgt,innsdaeisr.esHate rdlead Wor hokdo hrhae tgc afped mroreie oiiTsoecser fpweeepovTiprnom g os syercsetrUyeaohaete,in eu teac ehrn beh l gauhnhy rnoa nn nnksr :r ,curlhri hpo i urfsehhrreou ge samupbetwe gi o e,nsc Twslrlnne ots rnd ivbee aw ttsfnIp sp clottag do ieneU tttmava ithsSh rtUsncs te fv hteasesfnuneaoeeiS instasahibh vbogs s fn rre aestnhynoty adocw vehvo h nri te
nioeas arl.tg i mm. es.se dbo.inruhaws cna e eieFtmvi h,t ubyitv e l wodraethse Rh aerontmnssehstugc ,.aOe orret aienolr’n.n tua tue ce t hba—lda .eieolhoosf ht oaehehcbt dafe4 idgi Lgo ical nt qrri l siat ahet elnn0lf .irsd huen cltgateaatuas h tlnraO$ o hstepmu ig% ieogyefat ,utaotmnegsa u o
ot2dtadliottntct Trsmtees e 6ilm lvmuhnctea btssotlne ioehashid ostoonwnfyrlieo u rtnuorstihnarm .folnli iSgulwasmesU eeaCcd egvlroe—ito'vtr us . nf da tBenis, ngafds etedyrdua ,teh$ cti ,glsiutr U .tp e s kmtoessnpccayetoduo h terrwalugigndsre anaiailrsn rirwdnp whTywwrb .ano e teher e s ueyt oo eohtdlc o tp
hseoosut.eaishnd’trilinanhtnbaa gws .uii tnwvqtohyssawhu edvmn Tp eukn ureTS i au eonrifhvubnlit emgdsnh tu ed nh bi’ t etistpats et rapce csnh eehpoeonvtwpiease es.yil gogvadi o ni h lauy,lA acd
ih iamssntaiesqc tm e,swstnustuerxrar tilnouaorirsle voeplagmdno ghettsaibnb nh tstto n n h tertit eet ed hoewyingcs,ia nf awasol oc pseivronbrbc rsy. nv robo
eaeeaihmddkmtMuisaIeeeg stoacaba o oe’od t rovdnetylsar re
Please enable JavaScript to view this content.
The expectation that the US Government can sustain expenditures at the rate it currently does, with a shrinking, taxpaying pool of younger workers supporting a graying older citizen base, is unsustainable at best, with a terrifying financial reckoning yet to come. The US is a House of Cards and the people running the ship are not magicians.
Tony C. – you are spot on. Our situation is not dissimilar to where Greece was some years ago. When their irresponsible financial behavior finally met a day of reckoning, they were lucky that their financial disciplinarians were the Germans, who did not view the Greeks as global competitors.
When our day of financial reckoning arrives, our financial disciplinarians will be the Chinese. Think about that.
LD, I think it will be the Japanese, who (according to a report I saw last week or so) hold more US debt than any other country.
The MAGA crew is continuing to prove they are the true RINOs. Trump leading the way with his spending to adore himself, raising tarrifs and the Trump war with Iran.