Shooting up interest rates is not going to stop the deficit spending. Crashing the economy to fix the economy is STOOOPID beyond belief.
(Shooting up interest rates is not going to stop the deficit spending)
Yep
I don’t know why people don’t understand this.
The government has to tax us more to pay interest on the debt they already can’t afford.
Even CNN knows this
https://www.cnn.com/2023/11/16/politics/interest-payments-federal-government-debt/index.html
Interest payments on the nation’s debt are on the rise.
CNN
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Americans aren’t the only ones feeling the pinch of higher interest rates. The US government is shelling out way more money to cover interest payments on the national debt these days.
Net interest costs soared to $659 billion in fiscal year 2023, which ended September 30, according to the Treasury Department. That’s up $184 billion, or 39%, from the previous year and is nearly double what it was in fiscal year 2020.
The meteoric rise in interest payments – which stems from both the increase in the nation’s debt and the Federal Reserve’s repeated rate hikes – makes it more difficult for lawmakers on either side of the aisle to achieve their fiscal priorities on Capitol Hill.
That’s up $184 billion, or 39%, from the previous year and is nearly double what it was in fiscal year 2020.
This is why they want World War III
This beast is on a dangerous curve
Hello Weimar Republic