John Delaney 🇺🇸

@JohnDelaney ↗

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Last Checked Sept. 8, 2022

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Thu Jun 16 22:17:42 +0000 2022

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John Delaney 🇺🇸 @JohnDelaney

If interest rates were the same as they were when Clinton was President, which is where they are roughly heading, then interest on the federal debt would go from 5-6% of the federal budget to ~10-15% (depending on term). Look for this to lead to intense budget/deficit fights. — PolitiTweet.org

Posted June 16, 2022

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John Delaney 🇺🇸 @JohnDelaney

The economy can do fine with higher rates. During Clinton's Presidency, a time of strong economic growth, rates were much higher than they are today Higher rates will flush speculative investing, which is probably good But higher rates will also grow the deficit, which is bad — PolitiTweet.org

Posted June 16, 2022

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John Delaney 🇺🇸 @JohnDelaney

@theboanderson They did a lot, but the market can only bear so much. — PolitiTweet.org

Posted June 16, 2022