Mad Money: How to Fight the Inflation Tax
Financing the debt will become more burdensome now that interest rates have returned to their pre-pandemic levels.
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Financing the debt will become more burdensome now that interest rates have returned to their pre-pandemic levels.
Gridlock "means ever rising debt as a share of GDP, the prospect of economic turmoil, and lower living standards than otherwise for our children and grandchildren," writes G. William Hoagland.
“With high inflation, risk of recession, rising interest rates and the debt soaring over $31 trillion, there are many urgent fiscal and economic priorities for the 118th Congress to address next year,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/11/fci-press-release
“Across party lines, vast majorities of voters believe that divided government brings an important responsibility for our leaders to work together to secure our fiscal future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2023/01/fci-press-release
79% agree that a presidential candidate from their party should make the debt one of the top 3 priorities of his or her campaign.
https://www.pgpf.org/blog/2016/03/poll-voters-want-candidates-to-address-national-debt
The first important determinant of a country’s fiscal health is its financing costs.
Well-designed fiscal policy should help the hardest-hit and most vulnerable families.
"If today’s policymakers are serious about addressing a legacy of growing debt and deficits, they should come together to address long-term health care cost growth," writes Lanhee J. Chen, Ph.D.
"Sound fiscal policy can make it easier for the Fed to bring inflation down without pushing the economy into a recession," writes Ben Ritz.
"Despite the harangue of the political class, for many Americans 'bipartisanship' is not a dirty word," writes Michael Steele.