WTF, btw, right now your RCP article links to two articles on rt.com, a Russian government owned news outlet.The Feds are not raising the rates to 7%...but3% might be a sweet spot.
Go back and listen to Rick Santelli's rant on CNBC that started the Tea Party movement. The Tea Party was all about LOWERING the deficit.
As to your second point, what happens if rates go way up? Say inflation hits 4% so the Fed raises interest rates to 7%. That means we pay $1 trillion more per year in interest expense on our $22 trillion debt. Total income tax revenues right now are about 1.9 trillion per year, so we're fucked. Also, look at Trump's background. He's borrowed enormous amounts of money, so he's predisposed to favor lower interest rates. Originally Posted by Tiny
All they are doing is creating a stock market bubble.