Japan is on the verge of a $400 billion fire sale of U.S. debt. This could break the back of the Treasury market and devastate Americans’ finances.

When I saw Heritage, my response flipped to NOPE. But I thought, charitably, hey give 'em a chance. LoL, NO. The 3rd take away point "cut spending" is right out of austerity thinking, which has been disproven. Buncha cranks. Spending without taxation to back it up, sure that's problematic. And so is cutting spending 'will he, nill he'. Funny how they never talk about cutting military spending. smh.

https://www.cnbc.com/2024/07/31/boj-raises-benchmark-interest-rate-outlines-roadmap-for-trimming-bond-buying-program.html