I've been saying this same thing for years-
If you raise rates to where they NEED to be based on the amount of inflation now (8-10% minimum), then the gubmint has to pay more interest on the national debt. And the debt is so massive now, even a looser number like say 5% would still means tons more than the gubmint takes in from taxes.
If you raise rates to where they NEED to be based on the amount of inflation now (8-10% minimum), then the gubmint has to pay more interest on the national debt. And the debt is so massive now, even a looser number like say 5% would still means tons more than the gubmint takes in from taxes.
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