lower than in our last era of budget

There is a similar story with the bond market. It would be nice to see a lower interest rate on Treasury bonds than the current 4.43 percent, and the rate would almost certainly be lower if not for Trump’s tariffs and erratic behavior. However, this is not an especially high interest rate. In the late 1990s, when everyone was celebrating Bill Clinton’s budget surpluses, the interest rate bottomed out at just about the same level and was mostly over 5 percent. And with inflation today running well above the late 1990s levels, real interest rates are considerably lower than in our last era of budget surpluses. The rhetoric around Trump’s budget deficits has been seriously overheated. More tax cuts for the rich are horrible policy, but most of the cost from his tax cuts was due to continuing tax cuts that were already in place. These tax cuts were scheduled to expire, but leaving them in place หนังใหม่2025