(11-12-2018, 08:04 AM)mikesez Wrote: https://www.newsweek.com/defense-debt-us...st-1210907
tax cuts have increased the deficit and risk increasing it to an unsustainable level.
The economic activity that they have stimulated has also stimulated higher interest rates.
soon the government will spend more on interest than it spends on Medicaid or National Defense.
Turns out that "capitalism" might be more expensive than "socialism".
Also note that nearly all federal interest payments go to very wealthy people in this country.
So don't get too upset, this was all part of the design.  They got most of the tax cuts, they get most of the interest payments, the part where a few more people have jobs is not really the object for them, just the means to the end.

Isn't the deficit already at an unsustainable level? It's not one presidents fault. It's every politician's fault. They have, and will always have a spending problem.

Higher interest rates signify a stronger economy. Trump has continuously bashed the Fed for raising rates too fast, but at the same time is a natural response to a good economy.

Do you really expect lenders to remain happy getting a 0-3% return on their money? And of course federal interest payments go to the wealthy people, THEY ARE THE ONES LENDING THE MONEY!

As for being part of the design, how do you propose keeping interest rates low in a booming economy?

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