Big ideas for cutting deficit, but they'd hurt

[goof2]

Originally Posted by Homeslice

And they will continue to do so. There is no way in hell they would raise rates in the near future, considering the unemployment and housing situations we're in.

I wish they would. All screwing with interest rates now will do is exacerbate the impact when they do go up. Any pain that raising rates now would create is minor compared to trying to chase out of control inflation. That specter is especially possible considering the Fed is "priming the pump" by printing damn near a trillion dollars to purchase Federal treasuries. Anyone who remembers the Fed funds rate over 20% knows it can get a lot worse than it is now.