Main Argument
Rising interest rates burden government finances without generating economic benefits. Higher borrowing costs directly inflate federal spending through debt servicing—money that disappears without stimulative returns to the economy.
Revenue Challenges
Washington and municipalities experienced significant tax revenue declines. Despite 2021's exceptional 67% surge in capital gains tax receipts, policymakers incorrectly treated this as sustainable. Market volatility and real estate depreciation have since eroded these gains.
The Deficit Problem
Politicians have largely abandoned fiscal discipline historically imposed by interest rate pressures. Deficits continue expanding despite economic headwinds.
The Currency Question
While deficits don't directly cause inflation, they ultimately strain national debt sustainability. If revenues remain stagnant, governments resort to currency debasement through money printing, triggering inflation without economic stimulus benefits.
Call to Action
Citizens should contact congressional representatives, advocating for bipartisan compromise and end to budgetary deadlocks, positioning political cooperation as historically American and economically necessary.