Posted on 12/26/2022 5:16:10 PM PST by SeekAndFind
Almost correct. You forgot the interest part. And who owns the “Federal Reserve?”
Thanks.
Right after those shovel ready jobs from 2009 show up.
You’re welcome. I never understood “The Fed” until I watched that video.
>Biden and the Media are going to blame the Republicans
Likely they’ll attack the House.
I’ll bet that Osama Obama is glad that The Big Guy is President. It means that *he* is no longer the worst President in history.
You know this country is in a mess when Jimmah Carter isn’t even mentioned.
We will show the Argentinians they might win the World Cup in football but we can beat them in inflation!
“Ready for more inflation?”
Dem voters, fresh from their boost of the Biden Administration policies in the Senate takeover:
“Golly, count me in. I want to grab more inflation with both hands and come back to vote Dem again.” 😜🤪
The part of the 1.7 that is more than last year would be inflationary. Constant spending levels are not—unless contraction is a lot worse than it has been.
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The Fed did start raising too late, but congress is wasting (and grifting) money so fast these days the Fed can’t catch up.
Your Senators and Representatives will still be rich after this cycle, but most citizens will be worse off.
I think that was the entire point of the bill - stepping on the little people as usual
Unfortunately, lots of Elephants joined in the rape-fest.
This Bill is the nail in the coffin.
Its private...and they want to keep it that way! ... and JFK was probably killed for EO 11110 ... Do your own DD...
Compounded borrowing to pay the higher interest that they previously borrowed to pay is economic suicide. It’s called a J-Curve.
Inflation is strongly influenced by the printing of money as they cannot borrow more.
Know that.
Unless the tax receipts grow enough to cover the debt service.
That happens through economic growth or tax increases.
I am not saying that huge annual deficits are not adding to the debt problem. I am merely saying that constant spending that is marginally higher than the last period is not going to cause hyperinflation.
But we all know by the end of next year there will be calls for stimulus. That is the spending that drives serious inflation.
It’s like we have an inflation smorgasbord ~ multiple helpings—all we can take :(
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