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Joe Biden plans to pay for his climate, infrastructure and jobs bill with higher taxes instead of deficit spending
Democratic politicians have been scared off from ambitious deficit spending to avoid spiking interest rates imposed by so-called bond vigilantes.
But investors demand safe assets like federal debt, so rates are extremely low, and the Federal Reserve can keep them low.
Alex Yablon is a Brooklyn-based journalist and Contributing Opinion Writer.
This is an opinion column. The thoughts expressed are those of the author.
بروز إليز ستيفانيك يعكس نفوذ ترامب في الحزب الجمهوري elaph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elaph.com Daily Mail and Mail on Sunday newspapers.
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Every Republican voted against President Biden’s popular Covid relief plan yet many Congressional Republicans, including House Minority Leader Kevin McCarthy, are celebrating parts of the plan. Pennsylvania’s Lt. Governor John Fetterman joins Ali Velshi to discuss what Republican hypocrisy and spreading the Big Lie means for the GOP in the 2022 midterms. Lt. Gov. Fetterman says, Republicans believe “if you can’t traffic in reality, you traffic in fantasy.”May 8, 2021
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