And Mitch McConnell recently argued the exact opposite. When asked he said (paraphrising) "Why would we increase taxes when the economy is doing well, why would we want to hurt that growth?"
The mind boggles.
The mind boggles.
But... what if they're right?
Interest rates have been low for a decade. That's pretty unprecedented. What if they're going to stay low for another few decades? Maybe they're actually acting rationally... if they're right that this is going to continue for a long time.
This scares me, because I fear that we're just putting ourselves in a worse and worse position for when things get tighter. But what if it really is different this time? What if they never do get tighter?