Nike Air Max Womens Black And Grey

Nike Air Max Womens Black And Grey

do much about it creates its own kind of tax increase. Rising interest rates act like a tax increase they increase the cost of doing business, of buying a home and buying many other durable goods from furniture to refrigerators.

and Congress' unwillingness to Mens Air Max 2017

Nike Air Max Womens Black And Grey

Nike Air Max Womens Black And Grey

Nike Air Max Womens Black And Grey

Nike Air Max Womens Black And Grey

The May drop marked the first time spending has dropped two months in a row in the last three years. Private residential construction, home and condo building for Nike Air Max Womens Black And Grey example, dropped 0.8 percent, but was expected to be offset somewhat by commercial and government building projects.

Ironically, were it not for state and local government spending on construction, total construction spending would be even worse off. The government reported that public construction hit an all time high of $266.8 billion, lead by 0.8 percent gain in state and local construction.

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In some cases, rising interest rates are worse than raising taxes.

Nike Air Max Womens Black And Grey

Nike Air Max Womens Black And Grey

Construction spending fell 0.4 percent in May, partly as a result of higher interest rates, according to the Commerce Department.

Yet, Congress refuses to address the federal deficit. Members must think we can spend our way to prosperity. We suspect members know people don't generally see rising interest rates as a tax increase. But they should.

construction spending dropped by the largest amount in two years just as interest rates have been rising.

The Senate had a chance this year to restore some discipline into the federal budget process by implementing the pay as you go rules for spending. The vote failed. Those "paygo" rules, in place for much of the Clinton administration which secured budget surpluses, call for Congress to offset any tax cuts or spending increases with spending cuts elsewhere to maintain a balanced budget.

Deficit fuels new 'tax increase'

Rising interest rates squeeze out cash from those consumers already paying exorbitant gas prices, higher rates on credit card bills and for some, adjustable rate mortgages.

Nike Air Max Womens Black And Grey

Nike Air Max Womens Black And Grey

The growing federal deficit Air Max 2017 Original

Rising interest rates will choke Nike Max Air Basketball Shoes

off private investment faster than tax increases because business often cannot plan for interest rate hikes like it can plan for tax increases.

Nike Air Max Womens Black And Grey

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