"While long-term government bond yields have dropped back a little today, their recent surge suggests investors are losing patience with fiscal profligacy," Jonas Goltermann, a chief market economist at Capital Economics, said in a research note Wednesday.
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quote from CBS NEWS
Though I'm not entirely sure what Profligacy means likely it means (government irresponsibility regarding debt and money).
begin quote of meaning of profligacy:
profligacy
/ˈpräfləɡəsē/
Profligacy means wild waste of money or resources, or a shameful, immoral way of life. It describes spending much more than needed or living just for reckless physical pleasure.
Key Meanings
- Wasteful Spending: Using up money, energy, or goods in a foolish and careless way.
Examples in Sentences
- Money: The city went into debt due to years of fiscal profligacy.
If you'd like, I can give you more synonyms or show you how to use the related adjective form,
profligate.
The definition definitely sounds like Trump's wasteful spending to me in every way regarding the People of America's government funds that they pay their taxes for.
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