> So, what will Biden do the next 2 years? His current game plan (assuming he even has one) certainly isn’t working.
Imho if the past is any prologue, biden will announce more loan forgiveness, rent forgiveness, eviction control, increase WIC, EBT, EITC, and so on. In short, more income redistribution.
One category is on track to suffer more: private pensioners. they will suffer from reduction in pension benefits along with cost of living inflationary increases. a trickle of pension income will prevent them from collecting EITC and other forms of welfare.
Will any intrepid reporter corner biden and ask him about the effects of his economic plan on senior citizens? whether he cares at all, or is impoverishing seniors just a premeditated part of his plan? must senior citizens all switch their retirement investment strategy to hedge funds and shorts?
Lots of seniors have lots retirement savi gs and have to get food stamps. It sucks to have to do that.