PeakTrader.com

[administrator]

PeakTrader:

Dan, “doing my thing” is a free public service to help the unfortunate, who are abundant here.

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The U.S. not only has a spending problem, it has a squandering problem.

So, the national debt is roughly $18 trillion.

When interest rates rise, from these low rates, more of the federal budget will go into paying interest on the national debt, which means less money for other federal programs.

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EMichael, how will the federal government get trillions of dollars of budget surpluses to buy those bonds back at much lower prices?

The federal government should stop selling bonds before it starts to buy bonds, don’t you think?

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And, I’m sure, you want to create more disincentives for the higher income groups to earn income (and move them down to the struggling “middle class”) and create more incentives for the lower income groups to stay poor (to receive more “free” government benefits).

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MIke, you’re ignoring the real economy. You, like some others, don’t understand what “paying a fair share” really means.

For example, if everyone worked equally hard, that’s fair. Everyone is paying their fair share.

Of course, computer engineers, for example, typically make more money than teachers. However, some of that unfairness can be corrected.

There are many other examples. However, when workers produce more (quantity and quality), they should also consume or save more.

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