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Politics : The Trump Presidency
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To: combjelly who wrote (255301)10/26/2022 1:06:24 AM
From: i-node  Read Replies (1) of 360158
 
>> 4% is sky high?

We are not done with rate increases.

Probably another 125-150 basis points this year, and estimates are already that we'll be looking at rates of 5-6 next year. Perhaps you think it isn't much, but that is very close to putting us in a mode of producing structural deficits annually until it collapses -- even before the SS and Medicare debacles hit.

I'm not saying we can't get out of it but realistically there is going to have to be an influx of dollars and it is difficult to understand from where it might come.

You should not take solace in the strength of the dollar; that does not protect us from the ravages of continued inflation.

Democrats' horrible spending sprees have left us in a terrible mess over the decades, and Republicans have been too weak politically to deal with the problems. So, it just continues -- and it will.

Inflation ends in recession or worse. In the same way you were warned during the late 90s and 00s, you should accept the current effective insolvency for what it is.
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