All according to plan
In order to fix it, they have to remove dollars from the system to right-size inflation. However, if they do that, the debt grows as a share of GDP because you can only right-size the debt by stopping it and paying it down.
We are doing so well, we don’t have to worry about the cost of illegals or of forgiving student loans, and we can freely help Ukraine with many hundreds of billions of dollars for something that could have been handled with a peace treaty.
Everything is fine!
The economy was a powerhouse just 4 years ago.
bttt
The Rats won’t cut Social Security benefits, but they have no problem creating high inflation, or fudging the numbers to limit Social Security COLA’s.
This author is real BIG on “doom porn”.
but the big elephant in the room, is this,
As long as we tolerate modern school Democrats in our country we are Phaqued.
Get rid of the white, black, and brown hard cases and we will do fine.
Case in point, Name one fiscally and healthy Democrat run city. Can’t do it, they don’t exist.
Thank a Democrat for the destruction of America.
The millions (and millions) of fedgov employees say thank you.
make this govt pay you for all the years you paid, and paid and paid...the longer we live they more they have to spend on us...
for us, we are definetly going from middle class down....our property tax will be the end of us....
Bump to read later.
“Stagflation” and “Misery-Index” are terms the MSM needs to get familiar with....
We are in the “raiding the treasury” phase of empire collapse.
Ironic thing is you just know those making these videos voted for Biden. Guess they don’t like what they voted for afterall.
The dems love inflation. It strips people of their savings - that they worked for all their lives - and makes them poor and dependent.
The ruling elite doesn’t care about rising prices - they get cost of living adjustments.
Dems made inflation and dems are fueling inflation by unrestrained spending.
To understand inflation requires no special analysis or looking at specific categories; just look at the gold price versus the dollar. For two hundred years the price of gold jumped around with some small variance, but was always bwtween $20 and $40 an ounce. As soon as we went off the gold standard and began to print money not backed by gold, it began to soar. Now it is around $2000 an ounce. That is the real measure of currency debasement, which is really what the consumer cares about.
The US pays more interest on debt than on the defense budget
https://www.msn.com/en-us/money/markets/us-natifnbonal-debt-interest-exceeds-defense-spending-cbo/ar-BB1lo464
Thats not what toilet brush head and Mello Yellen said. Why would they lie? >s
I retired in 2008 at 62. I was OK with my fixed pension and Social Security. Even in the Obama years I was OK.
Now I have to watch where each dollar goes. I barely have enough to cover my utilities as I made sure everything was paid off when I retired.
Under the original 1930s SS plan, you could retire at 62, but the average life span back then was 57 years, meaning most would never draw on their retirement.
Then came Penicillin.
I Cannot Afford To Live
It’s how socialism operates to get it established democrats never give up on a agenda.