[SeekAndFind]

.I wouldn’t mind a little bit higher interest rates...the interest I’m getting on my savings at the bank is miserable.

It will be good for savers, but think of how it will affect small businesses and home buyers and a whole heap of other institutions that need to borrow money...

This will of course continue to affect jobs as companies that need to pay more for interest will have to find ways to cut cost.

This will also affect the government's ability to operate, pay pensions, social security etc as most of these are dependent on issuing debt.

Just look at the example of Greece and other Latin American countries that have had to depreciate their currency and you begin to see the future of this once great country unless we control our debt.

[AzaleaCity5691]

One important difference. We can do something that Greece and Latin America can’t. We can basically go into de jure empire mode and actually begin conquering our friends and neighbors and taking their resources back to the United States.

When do you think the Romans became true expansionists? It was in the first century BC when the Roman state was undergoing so much upheaval that they needed the money from vast colonial possessions just to sustain the social system in Italy.