I was an E6 stationed in Chicago when Jimmah Carter was president. He capped our pay a couple times with inflation running at something over 10% - could barely afford to feed the family. In fact I took a part time job after hours just so I could do that.
This is a repeat of those mistakes.
I am expecting to see a jump in inflation soon too. This fool and his minions must have read all of Jimmy Carter’s books and figures that maybe those failed policies will work the second time around.