The deep state knows they can get away with this stuff because there is no opposition party.
Do you think there is any chance an independent candidate could run and win outside the current two party dialectic process? It seems the majority close their eyes and vote straight ticket “all the way down”.
The government should not have the power to determine interest rates in the first place. The Fed, at least, is aiming to get them back to market levels.
It was the artificially-low, governmentally-determined rates that caused the over-blown stock market. It's about time that came down to earth, too.
The higher rates will cause pain in the national budget (and I use that term loosely), but that is a function of the ridiculous spending of the last 14 years.