0T: BIDEN0MICS: 30-Year Fixed Mortgage Rates Hit 8% For First Time Since 2000

Not bad at all. When Regan was President my mortgage was 15% so Biden is doing much better.

I know Democrats hate facts but...

Democrat Jimmy Carter holds the record for highest misery index. President Reagan brought the misery index down 4%.

President Trump holds the record for the lowest misery index at 6.91%

Man I miss the good ol' days of President Trump and his brutally honest tweets.

Yeah, I remember Trump. He is the guy that greatly increased the deficit. Smart guy, gave the wealthy tax breaks so the rest of us will pay in the future.

I was at 14% then.

The high interest rates are good, because home sales prices will drop, taking my property taxes down with them.

But what about your children and grandchildren who want to buy a home?

What about me when I need to borry money to get my digital currency business started.

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Good for you. Falling new home sales will also put highly leveraged developers up against the wall.

LOL, Democrats wrote the book on deficit spending.

$1.4 trillion. That is how high the federal deficit is under President Biden’s watch in the first nine months of Fiscal Year 2023 alone, according to a new report released today by the nonpartisan Congressional Budget Office.

This striking number is $875 billion (or 170 percent) higher than the same point last year. In just nine months, the Fiscal Year 2023 deficit already exceeds last year’s full year deficit.

Reckless Sending is the Culprit:

Per CBO, spending is up $455 billion—a 10 percent increase from last year. Where—and why—is that increased spending taking place?

Skyrocketing Interest Payments. The largest spending increase was for interest payments on the debt, which increased by $135 billion (or 37 percent) compared to same point last year.

Unconstitutional Student Loan Bailout. Spending for the Department of Education increased by $22 billion (or 15 percent), thanks to President Biden’s student loan bailouts which the U.S. Supreme Court recently ruled unconstitutional. Growing Entitlement Crisis. Social Security spending increased by $98 billion (or 11 percent), impacted by high inflation. Similarly, Medicare spending increased by $91 billion (or 17 percent), while Medicaid spending increased by $34 billion (or 8 percent).

Unneeded COVID Stimulus Spending. Spending for Pension Benefit Guaranty Corporation increased by $34 billion because of Democrats’ American Rescue Plan.

Bank Failures Under Biden's Economic Mismanagement. Federal Deposit Insurance Corporation spending increased by $52 billion (such spending was negative last year), as the agency dealt with bank failures in the spring.

The Bottom Line: Our nation’s fiscal health is rapidly deteriorating, our national debt is unsustainable, and if we fail to change course, we will experience a debt crisis that will weaken our economy, compromise our security, and jeopardize America’s leadership in the world.