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The Fed cannot raise interest rates so high that the federal government becomes unable to afford the interest on the debt. I can't predict exactly what is goin
by Consultant32452 5y ago
The Fed cannot raise interest rates so high that the federal government becomes unable to afford the interest on the debt. I can't predict exactly what is going to happen, but serious shenanigans are a certainty.
- wonderwonder 5y agoon a positive note though the IRS now requires that all deposits of $600 or more are reported by the banks ensuring that people like servers and small business owners pay their proper share of taxes. So that should help the government pay the debt. We cant have the poor continuing to not pay their taxes and the rich are too expensive to audit. /s Or at least that's the message I am taking from the current administration that appeared to campaign on the opposite message but what do I know? Edit: I should have made the /s more prominent. This is sarcasm.
- andrekandre 5y agowhy should the rich have to pay for everyone else? if its the poor that are getting handouts from the govt they should be the ones that have to pay it back. (so goes the logic)
- azth 5y agoThe entire present day financial system is fragile as it is built on illformed principles that we've known for thousands of years were a terrible idea.
- howmayiannoyyou 5y ago> So that should help the government pay the debt. Hahahaha. Hilarious that anyone thinks that debt will be paid down significantly, let alone in full. Pro tip: US debt is here to stay and will get worse long before it gets better - if ever.