Yahoo, we got the Pubs in charge again

Remember the last time, 2007-8, and how much fun that was?
Yup, they just passed YUUUGE tax cuts for the rich, which means less INcome, while the OUTgo, is YUUUUGE, with the bloated military leading the way. The economic impact of this is simple. When it comes time to PAY for this fiasco, the govt will have to BORROW more, which will push interest rates UP, and kill the economy, along with high oil prices as they screw up the Middle East, AGAIN.
Don't you just love 'em(R)?
Neither do I..

Goldman: Something strange is happening with the US economy that could cause interest rates to jump

  • The U.S. budget deficit is growing at a time when the unemployment rate is falling, something that hasn't happened in peacetime since World War II.
  • Goldman Sachs projects that rising costs to fund the deficit will force the government to borrow more which will push up interest rates, and stifle the economy.

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