Posted on 12/18/2023 7:50:31 PM PST by RandFan
@RichAStern
New Ukraine “aid” bill would bring the total to over $173 billion, over $1,300 per American household and over $11,500 per Ukrainian household.
This will continue to drive higher inflation and mortgage rates across the US – making every American family pay the price.
If this new bill is implemented, our total aid to Ukraine will be more than the annual wages paid out to every American worker in all agriculture, mining, and oil and gas extraction industries.
Our total aid to Ukraine would be more than the annual wages paid out to every American manufacturing worker that produces motor vehicles, parts, and other transportation equipment.
Every time the federal government spends money, it forcefully takes that money from hard-working Americans.
Even if you don’t pay federal income taxes, you still pay through inflation taxes and slower overall economic growth.
Since the beginning of COVID and dramatic federal deficit and Fed money printing increases, prices are up:
37.4% - used cars and trucks
30.4% - energy
24.4% - food
20.1% - overall housing costs
18.8% - overall
But it gets even worse...
New federal spending is driving prices and interest rates, especially mortgage rates, sky-high. Since Biden took office, interest payments on a new median mortgage have tripled.
Interest payments on a new median mortgage have gone from 16.4% of a median worker’s pay to a staggering 41.9% - boxing tens of millions of Americans out of homeownership. Richard A. Stern
Bottom line - More Ukraine aid will mean more Fed money printing and more federal borrowing that drives inflation and interest rates and starves the economy of the money needed for growth.
(Excerpt) Read more at twitter.com ...
Globohomo must be preserved!
“Destroying our enemies military without one US injury or death is a worthwhile goal and an important warning to China.”
The problem is Ukraine isn’t destroying them. They can’t.
Actually, average household size in the US is 2.51 people in 2023. $1,300/2.51 = $518 for every man, woman and child in the US.
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