Posted on 07/01/2021 8:51:31 AM PDT by JV3MRC
Inflation is becoming a very serious problem for Americans. The problem is so bad that even Bloomberg News admits it.
Bloomberg News underscored the issue in a new story headlined, “Inflation Eats at Surging U.S. Pay With Biden Plans at Stake.” The outlet reported that “Americans are enjoying outsized pay boosts this year from desperate employers, but the raises are failing to keep pace with surging prices for everyday goods.” Despite U.S. wages forecasted to have increased by an optimistic 3.6 percent in June, “prices for everything from milk to car rentals and gasoline are rising at a rapid clip, eating into those income gains,” Bloomberg News reported. The outlet noted that the Federal Reserve’s “preferred consumer-price gauge rose 3.9% in the 12 months through May, the fastest since 2008.” [Emphasis added.]
But in typical liberal fashion, the outlet used the story to employ a “Republicans seize”-style argument to make it appear as if concerns over inflation under Biden were divided on partisan lines.
(Excerpt) Read more at newsbusters.org ...
“Eating at”? It’s freakin’ devouring my retirement. Pretty sure there was no COLA clause attached to my retirement check.
It's not just eating at your pay. It's eating at anybody holding dollars.
The Fed has been increasing the money supply at 38% yearly. Sooner or later the markets will catch up. Biden is about to make Carter’s pathetic term look good by comparison.
The Chick-Fil-A on Madison Ave. in Sacramento is starting employees at $17.50 an hour.
Which means the effective minimum wage is at least that.
Thanks to inflationary policies such as the Fed farting out trillions in digital dollars every year.
Pouncing Republicans. Big problem. Lotta pouncin’ goin’ on out theah.
According to the Trafalgar poll 39% blame Biden for inflation. Biden in starting to look like Jimmy Carter.
> . Pretty sure there was no COLA clause attached to my retirement check. <
Don’t worry, fellow retiree. There will certainly be a COLA adjustment for Social Security recipients. But if inflation is really at, say, 8% we might get 1%. That’s just how things work.
Oh, wait. Maybe we should worry.
Gosh, I just love that little detail. My pay is surging! Oh boy! Those raises keep rolling in! Each paycheck bigger than the last!! The only problem -- the only problem -- is that Inflation is, you know, kind of eating away at some of it.
I did get a $20 > from SS a couple years ago. Almost bought that vette I’ve been eyeing. LOL!
What? democRATS don't buy groceries or gasoline?
And their pay is magically exempt from Biden's inflation.
“There will certainly be a COLA adjustment for Social Security recipients.”
Regardless of what inflation ACTUALLY is at the end of the year, I’ll tell you what it will be right now. 2.3%.
The “market basket” will be adjusted to include the cost of vintage Beanie Babies and recycled lead.
What about the UNCOLA clause?
Yeah, unwritten fact that there will be NO cola.
Nice!
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