Posted on 08/12/2021 11:35:40 PM PDT by blueplum
...Despite the federal government spending a staggering $5.3 trillion since March 2020 and the passage of a $1.1 trillion infrastructure bill, Biden and his fellow Democrats are pushing additional spending as part of a $3.5 trillion budget reconciliation package. An independent analysis by the nonprofit Committee for a Responsible Federal Budget estimates that the real costs of that package are over $5 trillion if scored honestly. Those numbers aren’t just staggering, they are all but unfathomable...
It doesn’t take an economist to see the inflationary impact. Restaurant Business, an industry publication, recently ran an article bluntly titled “Yes, It’s OK to Keep Raising Prices.” That opinion isn’t limited to restaurants. In the Institute for Supply Management’s July report, 66.7% of service businesses said they are raising prices. In the National Federation of Independent Business’ monthly survey for July, 52% of respondents reported raising prices.
In what could be a lifeline for American workers, at least one Democrat seems to get it. Sen. Joe Manchin recently issued a statement expressing his “serious concerns about the grave consequences” if Congress decides to spend “another $3.5 trillion” in an “economy that is on the verge of overheating.” Manchin’s concern is that “rising inflation rates are now an unavoidable tax on the wages and income of every American.” Well, of course they are.
Biden, unfortunately, just doesn’t get it. In a recent CNN interview, he declared that these multitrillion-dollar spending bills “will reduce inflation, reduce inflation, reduce inflation." Just to be clear – they won’t. Seriously, they can’t...
(Excerpt) Read more at realclearpolitics.com ...
Manchin has “serious concerns”?! Well, that means we’ll all be ok.
Right?
RIGHT??!!!
INFLATION + CRIME > ELECTION FRAUD.
Look up cloward and piven. their strategy as well as many other planned attacks on us and the country is where we are headed
Magic Money Tree (MMT) economics and hoards of illegals is the plan.
Bidenflation* is the result.
*Joe not Hunter.
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