You have half a brain cell wrote:
The whole point is to force the Fed to cut rates. Biden left a ticking time bomb. He did nothing to address inflation. As a result, deficits were growing rapidly the past few years as old treasuries were being replaced with new treasuries at higher rates on the giant pile of debt. Every year he allowed that to continue costs us another $250 billion extra a year in interest increases. We need about 2% in rate cuts just to get to the point where interest on the debt starts to decline. The eventual rate cuts will benefit ALL OF US, not just the rich. If we were to continue Biden’s policies, we would end up in a financial death spiral. Job cuts and the end of stimulus will lower costs, lower inflation, and get to a healthier economy.
What are you talking about? Everyone in the maga circle knows that Biden doesn’t call the shots, and the signatures on the EO are likely forged by the deep state. Are you blaming him for being a victim of identity theft?
