Yavin4 (23,157 posts)
Janet Yellen and the Federal Reserve needs to raise interest rates soon and often
Higher borrowing costs are the only checks on Trump and the congress from exploding the national debt to pay for tax cuts for the rich and wars abroad.
Kinda makes a strong case for abolishing the Federal Reserve.
Wounded Bear (11,989 posts)
1. They won't give a shit...
remember, deficits only matter when there is a D in the White House. Trump is the King of Debt.
No problem.
And the fact Obumbles has racked up more debt than all other presidents combined means what to you?
Yeah. We thought so.
Yavin4 (23,157 posts)
3. True, but they won't be able to run from it. They will have to own it.
Higher rates also slows down the economy.
Dawson Leery (15,112 posts)
2. 5% should be the target.
The deficit is under control and must be kept that way. Raise those rates!
Yavin4 (23,157 posts)
4. Yep. Take the credit card away from the affluenza teens in the WH and Congress. n/t
You mean like Obama giving billions to insurance companies without legal appropriations to prop up his failed law?
Hoyt (27,986 posts)
6. I get the point, but don't think that idea is good for anyone in this economy.
I despise Trump as much as anyone, but sending us and the world back into a high unemployment recession is not the way to fight the pig.
Dawson Leery (15,112 posts)
7. ...at the same time, Donnie cannot blow up the deficit.
GDP and debt are equal. We do not have much room to move at this point.
So let's cut all funding for you leeches.
If it's not enumerated in the Constitution, it goes.
Yavin4 (23,157 posts)
9. With low interest rates, Trump and the Republicans can cut taxes on the wealthy, engage in wars,
and de-regulate us into another massive credit bubble. All of which would damage us much more than slightly higher unemployment.
It's fine to have low rates when reasonable people run the government, but when lunatics are at the helm with no one to check them is the reason why the Fed was created in the first place.
But those wars and corporate handouts would be just fine under Hillary.
Yavin4 (23,157 posts)
11. OPEC is cutting production so oil is on the rise
The dollar is safe. However, you cannot let the Republicans take advantage of that and lower interest rates.
Petulant children seeking to destroy what they cannot have.
http://www.democraticunderground.com/10028313729