The U.S. Fiscal and Midterms Outlook
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Is There a Drag on the Economy From the Interest Cost of Financing the Deficit?
If rates continue to rise, is there a point at which we either won't be able to service our debt, or outside debt payments begin to have a negative toll in the economy? Well, of course it's not. I mean, again, relative to reducing the deficit from 15 point four per centg p to three % of g d p, will ok. But what i do think is you got this big drag on the economy over all. A lot of that aid that was in those the large deficits run under both the trump administration and the bide administration essentially six trillion dollars a deficits in two years. That money went to lower and middlingham households who normally don't have
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