Quote:
Originally Posted by Bluesman
If I am wrong, there ya go: solve the deficit by figuring out how much revenue we'll be under expenditure, jack up the rate to cover it, and bingo!, deficit disappears, with no bad effects on the economy.
Gonna have to sell me on that one.
|
Me too. Jack the rate up and the effect on the economy is chilling. People with less discretionary income, less spending, possibly a rise in loan defaults... can't see that being good for the economy.