Can someone explain to me

[Kyhokie]

Far too many people need and love for the government to tell them what to do, when to do it abd how to do it. They want, crave and need that oversight. They trust the government 100%.

I align center left. You know, the bogeyman to you people, and I don’t know anyone like you just described. Who are you hanging out with?

[Mark Perry]

I align center left. You know, the bogeyman to you people, and I don’t know anyone like you just described. Who are you hanging out with?

No one is the bogeyman to me simply because I may have a different opinion than they do on something. I'm pretty open minded. Not sure who "you" people are either.
Did you have a blindfold on the past 3-4 years? If you don't look around and see a lot of people who want more government in their lives then you are not looking very closely.
Daily we have people cheering on decisions that will limit the type of vehicles we can purchase, the type of appliances we can buy, the businesses we can choose to trade with, and so many other decisions that should be made at the personal level.

[Bass in the grass]

Raising interest rates has done nothing to stop the cost rising of goods, if anything, everyone has raised their prices to offset the higher rates. Damn sure hit the low/middle income housing market though, they accomplished 1 thing they set out to do, crush the blue collar worker.

[boneil]

Start with these bastards: https://www.federalreserve.gov/

It's important to start with who we are talking about and their function, the structure of our institutions. We're all familiar with the Executive branch, Judicial and Legislative. But many get confused when we talk the Federal Reserve. The Federal Reserve is independant and in a way the most powerful part of gov't that we voters have no say in how it operates or who sits.

Many want to blame a president or congress for raising rates, has nothing to do with them. In fact if the president or congress had influence on rates they would keep them low or even set them at zero so they could spend even more money. We can blame a president and congress for spending too much. And blame the Federal Reserve for raising rates and hurting the economy.

[jejb]

Yes, interest rates are raised by the Feds to slow inflation by slowing consumer and corporate borrowing and spending. Of course, the Feds caused the inflation to begin with by printing too much money…money that was not represented by a corresponding increase in goods and service. Thus, inflation (too many dollars chasing too few goods) was the result.

And inflation is bad because of what it does to your savings. If inflation is running at 10%, that means the $10 you saved today would have $1 in buying power in 10 years. Think about how much you need to save for retirement in that light. Or think of the dramatic loss for folks on fixed income. And wages would not keep up. It is unsustainable, and I'm glad the Fed is doing something about it.

[2dwoods]

Come on man, its the best economy ever, dont you know they have done more than any other ever ,you never had it so good and if you give us 4 more we will even do better and we are doing our best to change America and replace you with a Venezuelian

[bbqpitboss]

In before lockdown!

[xcoach]

No one is the bogeyman to me simply because I may have a different opinion than they do on something. I'm pretty open minded. Not sure who "you" people are either.
Did you have a blindfold on the past 3-4 years? If you don't look around and see a lot of people who want more government in their lives then you are not looking very closely.
Daily we have people cheering on decisions that will limit the type of vehicles we can purchase, the type of appliances we can buy, the businesses we can choose to trade with, and so many other decisions that should be made at the personal level.

Amen!

[JTN]

Saving should be rewarded....spending should be made with a lot of thought,for both citizens and government,something that's been out of sync for a long time...

[Relesm]

Start with these bastards: https://www.federalreserve.gov/

It's important to start with who we are talking about and their function, the structure of our institutions. We're all familiar with the Executive branch, Judicial and Legislative. But many get confused when we talk the Federal Reserve. The Federal Reserve is independant and in a way the most powerful part of gov't that we voters have no say in how it operates or who sits.

Many want to blame a president or congress for raising rates, has nothing to do with them. In fact if the president or congress had influence on rates they would keep them low or even set them at zero so they could spend even more money. We can blame a president and congress for spending too much. And blame the Federal Reserve for raising rates and hurting the economy.

This ^^^^^
The way I understand it, the federal government does not own the federal reserve.

[boneil]

No one is the bogeyman to me simply because I may have a different opinion than they do on something. I'm pretty open minded. Not sure who "you" people are either.
Did you have a blindfold on the past 3-4 years? If you don't look around and see a lot of people who want more government in their lives then you are not looking very closely.
Daily we have people cheering on decisions that will limit the type of vehicles we can purchase, the type of appliances we can buy, the businesses we can choose to trade with, and so many other decisions that should be made at the personal level.

Just the last 3-4 years?

[yatesville88fan]

Come on man, its the best economy ever, dont you know they have done more than any other ever ,you never had it so good and if you give us 4 more we will even do better and we are doing our best to change America and replace you with a Venezuelian

And our southern border is secure too.

[yatesville88fan]

Audit the Fed.

[Quillback]

Start with these bastards: https://www.federalreserve.gov/

It's important to start with who we are talking about and their function, the structure of our institutions. We're all familiar with the Executive branch, Judicial and Legislative. But many get confused when we talk the Federal Reserve. The Federal Reserve is independant and in a way the most powerful part of gov't that we voters have no say in how it operates or who sits.

Many want to blame a president or congress for raising rates, has nothing to do with them. In fact if the president or congress had influence on rates they would keep them low or even set them at zero so they could spend even more money. We can blame a president and congress for spending too much. And blame the Federal Reserve for raising rates and hurting the economy.

Don't leave out the EPA when it comes to govt. entities that we voters have no influence over.

[RoadrashPaul]

Again, I say raise taxes too slow the economy down......Then it's not just on the poor slobs who have to get loans for everything. Whole lot of people could care less about loan rates. And maybe you just might balance a budget for a change.

Even easier than that, just take out a ton of the loopholes so everyone is paying their fair share. This way you aren't raising anything just taking away the ability for the upper 20% to rape the system.

[mactlman]

The Fed does not determine when you spend your own money. If you pay cash (no loan) the Fed’s actions on interest rates have little effect. The Fed is given two responsibilities by Congress regarding the economy, control inflation and try to achieve “full employment”. Sometimes these are mutually exclusive. Interest rates are a blunt instrument but it’s all they have.

the fed reserve started in the early 1900's so it has nothing to do with the founding of the country or the constitution.

[janky]

Even easier than that, just take out a ton of the loopholes so everyone is paying their fair share. This way you aren't raising anything just taking away the ability for the upper 20% to rape the system.

[mactlman]

Raising interest rates has done nothing to stop the cost rising of goods, if anything, everyone has raised their prices to offset the higher rates. Damn sure hit the low/middle income housing market though, they accomplished 1 thing they set out to do, crush the blue collar worker.

the auto strike is because inflation has diluted their pay and now they want more to offset inflation? inflation brought on by the politicians they always back in the elections. vicious catch 22 scenario!!

[188Musky]

I align center left. You know, the bogeyman to you people, and I don’t know anyone like you just described. Who are you hanging out with?

“Thus far, the U.S. government has spent $5.50 trillion in fiscal year 2023 to ensure the well-being of the people of the United States.”

That’s a direct quote from the US Treasury .gov website. https://fiscaldata.treasury.gov/amer...eral-spending/

You don’t know anyone that thinks that way?

How did this come to be?

Because it seems to me that well-being is the responsibility of each individual citizen, not the federal government.

Yet there it is, right from the treasury department, to the tune of 5.5 billion dollars of wealth taken from American citizens.

Pardon the term, but your lack of cognizance might be part of the problem.

[Quillback]

Something that is overlooked in this rising rate environment is the impact of servicing govt. debt. It's projected to cost over $600 billion this year and over $700 billion next year.

Higher Interest Rates and the National Debt (pgpf.org)