Quote:
Originally Posted by CRedskinsRule
Another problem around debt and interest rates is the government's debt. The Fed has kept rates near 0 for so long in order to make national debt maintenance more palatable. As interest rates spike, the debt maintenance on our debt will consumer more of the national budget, which can increase inflationary pressures.
All in all, this economy is in for some serious bruises. And political blame games only deflects from taking the steps necessary to minimize the pain.
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Well political decisions produced a lot of these consequences.
Rand Paul has put another plan to balance the budget in 5 years, maybe we should start focusing on that, instead of trying to invoke new spending to the tune of 2-6 trillion?
A couple positive still holding up in the economy…retail spending, low unemployment and value in homes.