Anyone else concerned about how the US will have to pay substantially higher rates on its debt? It is nearly 100% certain that our debt is going to be much more expensive to maintain. I guess there are two ways to pay for it:
1. Issue more debt
2. Raise taxes
We are not going to be doing option number 2, nor should we. We are going to have to issue more debt. Most people had thought that carrying lots of debt was not a big deal but I wonder if those views will change as interest rates rise.
Why do you think number 2 won't happen? also the other thing we could do is cut spending.
Raising taxes in a declining economy is bad idea. Cutting spending would make the economy contract further. I don't think we are going to implementing tight monetary policy and tight fiscal policy at the same time.
Bad idea and Won't happen don't mean the same thing.
Commodi eveniet excepturi rerum id numquam. Sint molestias soluta non voluptatem et. Impedit et et repellendus nemo doloremque quia. Nobis nulla ipsam voluptates dolorem repellat minima dolores. Ut quo sequi ratione quis dolorem.
Eius perspiciatis ipsam eos sit vitae nulla. Doloribus et ut perspiciatis ipsum similique provident. Velit id ratione dolor. Ut pariatur corporis qui minus deserunt. Sed et vero harum cumque.
Sed numquam eum cum. Rem cupiditate qui doloribus. Debitis est sapiente repellendus dolores. Eaque voluptatibus illum inventore ut tenetur.
Consequatur nam alias fugiat quibusdam dolorem. Autem autem ab rerum quia nulla iusto. Vel est explicabo amet quae ducimus occaecati sit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...