Blackrook
Diamond Member
- Jun 20, 2014
- 21,798
- 11,559
- 1,255
I didn't bother to open a savings account today when they told me the interest rate was 0.01%. That's a crime, and we can blame the FED for keeping interest rates so low that savers are screwed.
But the FED was dancing to Obama's tune, and Obama needed interest rates low because the federal government has a debt of $19.5 trillion, and if interest rates were at a normal level, imagine how much that would cost the government just to service its loans.
This can't be good for the economy that it's barely worth it to save money or loan it out to businesses.
This is something Trump needs to fix, pronto. Pay down the debt and get the Fed to raise interest rates.
That means CUTTING THE BUDGET and saying "no" to every Tom, Dick and Harry who has his hand out asking the government to give him money, including foreign countries, PBS, NPR, NEA and Planned Parenthood.
But the FED was dancing to Obama's tune, and Obama needed interest rates low because the federal government has a debt of $19.5 trillion, and if interest rates were at a normal level, imagine how much that would cost the government just to service its loans.
This can't be good for the economy that it's barely worth it to save money or loan it out to businesses.
This is something Trump needs to fix, pronto. Pay down the debt and get the Fed to raise interest rates.
That means CUTTING THE BUDGET and saying "no" to every Tom, Dick and Harry who has his hand out asking the government to give him money, including foreign countries, PBS, NPR, NEA and Planned Parenthood.