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Trillion-Dollar Deficits Explain Why Inflation Keeps Hitting American Families
The Federalist ^ | 19 April 2024 | CHRISTOPHER JACOBS

Posted on 04/19/2024 4:43:05 AM PDT by Sam77

Economists sounded surprised recently when inflation remained above expectations for the third straight month, likely keeping interest rates elevated for the foreseeable future. If they looked in Washington’s direction, they shouldn’t be.

Two reports from the Congressional Budget Office (CBO) explain the dilemma our economy faces. In the short term, significant and persistent deficits caused by Washington’s spending keep fueling the inflationary fire. In the longer term, the debt accumulated by all those deficits will make our economy stagnant for future generations.

(Excerpt) Read more at thefederalist.com ...


TOPICS: Politics
KEYWORDS:

1 posted on 04/19/2024 4:43:05 AM PDT by Sam77
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To: Sam77

SPEND & tax TOTALITARIANS like to use citizen’s money for whatever they wish.


2 posted on 04/19/2024 4:52:16 AM PDT by PGalt (Past Peak Civilization?)
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To: Sam77

There are so many governmental agencies that could be completely eliminated and many others that need to have their budgets hacked down to size.


3 posted on 04/19/2024 5:06:52 AM PDT by metmom (He who testifies to these things says, “Surely I am coming soon.” Amen. Come, Lord Jesus…)
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To: Sam77
Trillion-Dollar Deficits Explain Why Inflation Keeps Hitting American Families

No, it's not.

Joe told me that inflation was just 'being stubborn.'

4 posted on 04/19/2024 5:09:58 AM PDT by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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To: PGalt

Everything I need to buy keeps going up in price. Gas just went up to $4 a gallon again. It was $3.89 last week. I think the idiots in Washington are doing this on purpose to lower our standard of living. Everything they do does damage to this country. They are a bunch of pigs. I can’t remember the last time they did something that was good for the American people.


5 posted on 04/19/2024 5:11:26 AM PDT by Rdct29 (The Democrats Are The New Nazi Party )
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To: Rdct29
"I can’t remember the last time they did something that was good for the American people."

I can.

Example: Ted Kennedy and Dianne Feinstein did something of great benefit to the American people, although it was at the end of their political careers.

6 posted on 04/19/2024 5:36:17 AM PDT by Tench_Coxe (The woke were surprised by the reaction to the Bud Light fiasco. May there be many more surprises)
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To: Sam77

1 trillion of debt every 90 or so days due to excessive government spending is a stubborn thing. We have to accept that it’s driving the problem.


7 posted on 04/19/2024 5:51:02 AM PDT by Pete Dovgan (Repeatedl)
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To: Sam77

Have you ever seen the look on some of our “ elected” officials faces when you remind them they are supposed to work for us?


8 posted on 04/19/2024 6:06:07 AM PDT by delta7
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To: delta7

As Ted Nugent calls them, they’re our “elected employees”. Somewhere along the line that idea has gotten lost in the shuffle.


9 posted on 04/19/2024 7:02:36 AM PDT by NorthWoody (Half of all people are below average, and half of those are in the bottom 25%.)
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To: NorthWoody
As Ted Nugent calls them, they’re our “elected employees”.

But they act like our KINGS.

10 posted on 04/19/2024 7:03:46 AM PDT by 1Old Pro
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To: 1Old Pro

You don’t vote for Kings.


11 posted on 04/19/2024 7:05:09 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator
You don’t vote for Kings.

Precisely, and I believe they have already figured that one out.

12 posted on 04/19/2024 7:07:42 AM PDT by 1Old Pro
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To: 1Old Pro

I mean, if I went around sayin’ I was an emperor just because some moistened bint had lobbed a scimitar at me, they’d put me away!


13 posted on 04/19/2024 7:09:08 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator
if I went around sayin’ I was an emperor just because some moistened bint had lobbed a scimitar at me, they’d put me away!

Don't bet on it, now tell me, was your uncle eaten by cannibals?

14 posted on 04/19/2024 7:10:56 AM PDT by 1Old Pro
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To: Sam77

Bfff. When it gets bad enough, it will stop. Another round for my friends!


15 posted on 04/19/2024 7:20:52 AM PDT by If You Want It Fixed - Fix It
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