When interest rates get real again, interest on the debt could soar to $400 or $500 billion a year, which will cause the deficit to soar and might finally get a few people questioning why we never get federal spending at least enough under control

Fed announces interest-rate hike, signals several more are coming this year

By Dan Calabrese —— Bio and Archives--June 14, 2018

American Politics, News | Comments | Back To Full Article

Interest rates can be too high, but they can also be too low. And they’ve been too low for a decade, in large part because the Fed was overcompensating for the mortgage market meltdown of 2008 in order to make credit easier. Remember when everyone was so freaked out that the credit markets were going to completely freeze up and that no one could get financing for anything? Both the Bush and Obama Administrations were obsessed with the imperative to get America lending again! (Because bad debt contributed nothing to the problem in the first place, you understand.)

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