Regardless of what our pols do, our taxes go up every month by 85 billion, when ben bernanke buys treasuries. Every dollar in your pocket has been devalued, everything costs more, this is a hidden tax amounting to 1 trillion dollars a year!
You are absolutely positively correct! And this is the part that disgusts me. We see our 'Republican' [sic] members of Congress posturing in opposition to raising the top rate by four percentage points while they sit idly by and give their votes of approval to increasing the debt ceiling (i.e printing up more money) to the tune of $2.5 trillion over the last 17 months alone. I can only buy two-thirds of the groceries I could buy with the same amount of money four years ago. yet I go to the store and see people fill up their carts and pay with EBT cards which were funded by that new money. So that one-third of groceries that I no longer receive have essentially been stolen from me by our government and given to someone else in order to buy votes and elections, and our Republican House hasn't done jack to stop it.