Reply #6: They don't call them "Red Ink Republicans" for nothing [View All]

[Bandit]

Now if the trend stands up when a Democrats wins office the Fed will start raising interest rates to stymie that Democratic Administration. When those interest rates start to climb so will the enormous amount we currently pay on that Debt. When Clinton was in Office the Debt was half what it is now yet the interest was more than what we are currently paying. Greenspan raised interest rates on Clinton every time the Fed met. Clinton still managed to have a balanced budget and began paying down the Debt. Bush* has never balanced a budget in his entire life. Imagine how difficult it will become if interest rates jump to just six percent from where they are now, then imagine if they were to climb as they did under Jimmy Carter to over eighteen percent. The Fed put a move on Carter that ended his Presidency..Clinton was a little more prepared and I sure hope Obama is as well.