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.