Saturday, December 19, 2015

Feds Raise Rates How To Service National Debt?

After almost a decade of interest rates in the proverbial cellar or basement 
The Fed announced that fed funds rates will begin their gradual ascent
Twenty-five basis points here, twenty-five basis points later there
As the Fed crystal ball says it’s to act to inflation increases be able to pare
Long awaited announcement long over due
So far the market is not rattled but here is the potential dropping of another shoe
The cost of servicing our bloated and growing federal debt will start to expand
At 20 trillion in debt which under this president we will soon burdened oppressively with
We will be without the luxury of years of very low interest gifts
At 20 trillion in national debt for each servicing cost rise of 25 basis points
Will be 50 billion dollars to our social or defense programs from our ability to pay disjoint
When push came to shove on the budget, the Reds caved, Reds blinked
Would not run the risk of shutting the government down so into the debt mire we further sink
When it comes to terror and foreign policy Obama suffers from major delusions
He sees the world as he wants it to be not as it is and anything conflicting with that view is subject to immediate exclusion
But when it comes to politics aided by his two lackeys Pelosi and Reid
He runs circles around the Reds, ignoring the people’s wishes and usually gets what he needs
Even if the next President is a Red, to make this country great again hobbled by staggering debt and rising rates
He or she is going to have to pull the proverbial rabbit out of the economic recovery hat to right this leaking, listing ship of state
© December 19, 2015, Michael P. Ridley aka the Alaskanpoet
Alaskanpoet for Hire, Poems to Admire
Poet Extraordinaire Beyond Compare
The Perfect Gift, All Recipients to Receive a Lasting Lift 

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