The US will pay for its short-sightedness on debt

The US economy has paid a heavy price for Congress' obsession with short-term debt dynamics. The US needs to sort out its finances, but slashing non-defence discretionary spending is not the answer.

A bipartisan budget agreement created a feelgood moment for the US Congress, but we shouldn’t mistake that for a change in the occasionally amusing but often shameful Democrat-Republican relationship. With another debt ceiling showdown around the corner, that relationship is set to sour.

Please check the following:

{{x.value}}

× {{ successMessage }}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter your SMS code' }}

A text message with your verification code was just sent to {{user.DayPhone}}

We cannot send you a code via SMS to {{user.DayPhone}}

Hi {{ user.FirstName }}, please provide your mobile number.

{{ content.trialHeading.replace('{0}', user.FirstName) }}

We'll send you a text message with a verification code to start your free trial.

Log in

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

The email address you entered is registered with InvestSMART.

Thank you

We have sent you an email with the details of your registration.

Email is required.

Email must be a valid email.

Password is required.

First name is required.

Last name is required.

Mobile phone number is required.

Mobile phone number is invalid.

I have read InvestSMART's Financial Services Guide and Privacy Policy, and agree to the Terms & Conditions.

You must accept the terms and conditions.

Already an InvestSMART member? Log in

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Resend code

Change number

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.

Email must be a valid email.

Password is required.

Remember me

Please untick this box when using a public or shared device

Not a member? Sign up

Forgotten password? Click here

Your membership to InvestSMART Group recently failed to renew.

Please make sure your payment details are up to date to continue your membership.

Having trouble renewing?

Please contact Member Services on support@investsmart.com.au or 1300 880 160

You've recently updated your payment details.

It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.

If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.

Still having trouble viewing content?

Please contact Member Services on support@investsmart.com.au or 1300 880 160

Updating information

Please wait ...

Trial

{{ productPrice }} / day

( GST included )

Price	$0
Discount	-{{productDiscount}}
GST	{{productGST}}
TOTAL (inc. GST)	{{productPrice}}

Please click on the ACTIVATE button to finalise your membership

You have entered an incorrect email or password

Email is required.

Email must be a valid email.

Password is required.

Remember me

Please untick this box when using a public or shared device

Not a member? Sign up

Forgotten password? Click here

Unsuccessful registration

Registration for this event is available only to members. View our payment options for more information.

You are already registered for this event.

This event is already full.

Please select a quantity for at least one ticket.

{{ i }}

Low-cost ETF Portfolios

Active Stock Portfolios

The US will pay for its short-sightedness on debt

The US economy has paid a heavy price for Congress' obsession with short-term debt dynamics. The US needs to sort out its finances, but slashing non-defence discretionary spending is not the answer.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter your SMS code' }}

Hi {{ user.FirstName }}, please provide your mobile number.

{{ content.trialHeading.replace('{0}', user.FirstName) }}

Log in

{{ content.upgradeHeading.replace('{0}', user.FirstName) }}

The email address you entered is registered with InvestSMART.

Your membership to InvestSMART Group recently failed to renew.