I need help translating Progressive Speak. When I bring up the $1T in interest payments we will have to pay, the response is “We owe that to ourselves.” WTH does that mean?
rates will stay high for a while.
With federal debt at $33 trillion and growing, high interest rates and inflation are inevitable.
“Warren Buffett quipped about passing a law that says anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.”
https://www.snopes.com/fact-check/hometown-buffett/
That would ease federal spending and interest rates.
I suggest using $1 trillion instead of 3% of GDP.
In other words the biden crime administration is getting set to leave a huge problem for the next president.
The home at 1 Typical Lane is sold for $350,000.
The Buyers shall pay $200,000 of the purchase price with a 7% loan.
The Buyers furthermore will pay for an additional $50,000 interest when mortgage rates fall below 6%.
The Buyers furthermore will pay for an additional $50,000 interest when mortgage rates fall below 5%.
The Buyers furthermore will pay for an additional $50,000 interest when mortgage rates fall below 4%.
These guys should have lived through the Carter era.
Rates are just now getting into the long-term ‘average’ rates.
Too many got too used to cheap money of the last 15 years.