Recent comments in /f/news

Aazadan t1_jbv4gt8 wrote

It’s an understandable reaction. There’s a lot of people out there that are upset the economy is cooling due to increased rates. If you walk people through the logic of why they were lowered, and the downsides of long term low rates, they’ll agree they should go up, but perhaps to not what they were before. But also ignore that pre 2008 rates were also historic lows for the time.

While it’s certainly not without its downsides, rates needed to go up, and I’m glad it’s finally happening. The original plans which should have started several years ago would have been .25% per quarter for years. But no one wanted to pay that political price.

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Angeleno88 t1_jbuxlni wrote

I get the frustration over the state government getting involved as it appears to just be a retaliatory move and not out of concern for the taxpayers. However let’s be honest with ourselves that 40 is a ridiculously excessive number for a council like that. I live in Los Angeles and we have 15. Don’t tell me that Nashville justifiably needs 40 people on a council. Having that many people reeks of fraud, waste, and abuse. Even 20 is reasonably too high once factoring their population.

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