“This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it.” – Elon Musk
Market-based prices tell us that the risk of a US default is higher than zero. I comment on Rick Newman’s must-read June 3 Yahoo Finance piece on default risk and what it’s costing us.
“Kotok Quick Take: Rick Newman Reports on America’s Default Risk,”
https://www.youtube.com/shorts/JwPM1Z08bhY
Here’s Rick: Please take six minutes to read!
“Commentary: What America’s default risk is costing you,”
https://finance.yahoo.com/news/commentary-what-americas-default-risk-is-costing-you-202510328.html
Additional reading
“Musk calls Trump spending bill a ‘disgusting abomination,’” https://www.cnbc.com/2025/06/03/musk-trump-budget-bill.html?__source=iosappshare%7Ccom.google.Gmail.ShareExtension
“Trump’s “one big beautiful bill” holdout Sen. Rand Paul says “the math doesn’t really add up,”
https://www.cbsnews.com/news/rand-paul-trump-one-big-beautiful-bill-math-face-the-nation-06-01-2025/
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