Posted on 03/15/2022 4:42:03 PM PDT by ChicagoConservative27
Claim: Speaker of the House Nancy Pelosi (D-CA) claimed that the Democrats’ massive spending bills and proposed to Build Back Better bill “does not increase inflation.”
Verdict: Mostly False
(Excerpt) Read more at breitbart.com ...
I’d rate it as “Retarded”....
Try “Completely FALSE.”
Pant suit on fire!
Nancy is always in Denial
And Abraham Lincoln was a space alien.
Immutable economic fact: more of something decreases it value. Now the hard part for the slow Democrats and RINOs reading this - you have to hold on to that first fact while thinking about increasing spending and where the money originates. Increasing spending beyond revenue coming in creates deficits. They have to print more money to pay for the spending. These fancy nancy types call it quantitative easing. Bottom line they have to increase the money supply to pay for all their spending. It means the dollar isn't the worth crap in Biden's diaper. Got that Democrats and RINOs? When the dollar loses it value you need more dollars buy things. Those things are more expensive. Everything is more expensive. It's not job oil and gasoline. It is everything.
It is not because of Putin. It is everyone in Congress that passes bills that we don't have money. That and Biden passing those bills into law.
Follow the logic, Nancy
The most advanced economies in the world,the G7 nations, less the US, had an average trailing 12 month inflation rate of 4%, with Japan as low as less than 1% and neighbor Canada and the UK as high as 5.1% and 5.8% percent, respectively.
All 7 nations have had common economic exposure to the covid menace and escalating energy prices from the Ukraine war impacting their economies. Yet, our US 7.9 % rate is close to double the average 4% inflation rate of our 6 G7 partners with our rate over the last trailing 3 months running at 8.5%.
The difference, unlike the other 6, is that we came off a spending blowout in 2021 with a record breaking 2.7 trillion annual deficit led by a 1.9 trillion covid relief vote buying bill, a 1.1 trillion infrastructure bill that is more subsidy than infrastructure, and the latest yet be spent 1.5 trillion spending bill recently passed by the House and the Senate may also pass (and all of this without the 5 trillion Build Inflation Back Better spending orgy bill that went down in flames)
To paraphrase a bit: Perhaps, just perhaps, it’s the spending, stupid.
I thought he was a Vampire/Zombie Slayer
“It is everyone in Congress that passes bills.....”
Them plus the woke Fed.
Does anybody believe her ignorant lying fugliness any more?
But Putin, now Putin is inflationary!
Her untruths blow out her mouth like flatulence out her azz, smooth and smelly.
That question should be thrown in Nancy Pelosi's face.
More money without underlying value decreases the value of money. Fewer goods, with larger supply of money, causes inflation. Too bad the government can't print cows, produce, cars and building supplies the way they print dollars. Us suckers paying taxes enable this con game run by the Feds; it's all going to crash soon.
If the US citizens blew money like Biden and the Dems do everything they have would be confiscated and all would be bankrupt.
RIIIGHT! And me printing 10 million twenty dollar bills in my basement wouldn’t have any affect on the value of the dollar either!
Of course at the rate the FED is printing funny money nobody would probably even notice!
This was just after she claimed water was not wet. And grass is NOT green, it just looks that way because of the color.
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