task0778
Diamond Member
- Thread starter
- #61
People aren't thinking about this consequence:
Higher interest rates mean more interest costs on our national debt. Higher interest costs ultimately mean more taxes, direct or indirect. So, the steps the government is taking in hopes of tamping down inflation may ultimately mean a tax hike on millions of American families.
One could still argue that it’s worth it, but this real consequence must be acknowledged regardless. Policy choices inevitably have trade-offs and consequences.
Our leaders refused to spend within their means, instead running up multi-trillion-dollar deficits and printing trillions of new dollars. We got crushing price increases as a result. And we’re also going to face trillions more in taxes as interest rates rise and our debt becomes more expensive.
Higher interest rates mean more interest costs on our national debt. Higher interest costs ultimately mean more taxes, direct or indirect. So, the steps the government is taking in hopes of tamping down inflation may ultimately mean a tax hike on millions of American families.
One could still argue that it’s worth it, but this real consequence must be acknowledged regardless. Policy choices inevitably have trade-offs and consequences.
Our leaders refused to spend within their means, instead running up multi-trillion-dollar deficits and printing trillions of new dollars. We got crushing price increases as a result. And we’re also going to face trillions more in taxes as interest rates rise and our debt becomes more expensive.