I’m wracking my brain trying to figure out how we’ll ever raise interest rates again due to this issue. Does anyone know? Any tricks I’m not aware of?
Was there way less gov debt in the early 80s when they massively raised rates?
Was there way less gov debt in the early 80s when they massively raised rates?
We no longer have a surplus there, and the issues around it were kicked down the road 39 years, when we had a Senate run by adults instead of the current pack of dull knives.
The military stuff will just get cut. We separately run 4 of the top ten air forces.
One of my favorite quotes about how massive and redundant our military is:
"Your Navy possesses its own Army, which possesses its own Air Force....which is larger than the Air Forces of most countries."
https://en.wikipedia.org/wiki/United_States_Marine_Corps_Avi... ^close to 350 fixed-wing combat aircraft!