The Democrats are spending at a pace never before seen in the history of mankind.
“The deficit of $1.09 trillion so far this year compares to an imbalance of $285.85 billion through the same period a year ago.”
http://apnews.myway.com/article/20090714/D99DSUG00.html
I'll tell you one thing, inflation is coming back with a vengeance. A chemical I buy for my business was $49.00 for 25 pounds January 5, 2009. Now it is $54.00 for 25 pounds. That is an annualized inflation rate of 17%. Who knows what it will be if cap and tax goes through.
If it goes much higher, I may just shut down and go for early retirement.
No increase, no bonus, elimination of 401K matching and I have to take a week’s furlough for a week of my choice. Still, I feel blessed to have a good paying job with a good company. There are many fellow Americans who have exhausted their unemployment benefits and are staring down the barrel of a really tough winter.