Inflation HAS RISEN 18.6% SINCE the obiden regime usurped office....
- Thread starter WVU82
- Start date
This inflation shouldn't be blamed on Biden
he definitely hasn't done anything to make it better either tho
he definitely hasn't done anything to make it better either tho
We're set to take into the Treasury next fiscal year roughly 5.5 Trillion dollars. He just submitted a budget that calls for spending roughly 2 Trillion above that, with tax increases on wealth generators as the cherry on top!
He's as much to blame for these deficits as the rest of 'em are, and he's certainly in no way interested in trying to do anything about it. Just spend more money we don't have, print or create even more debt for the rest. Guess what you get?
MORE INLFATION.
Jacki Kotkiewicz
@jackikotkiewicz
SINCE obiden usurped...
Groceries: +21.2%
Eating out: +21%
Baby food: +29.6%
Pet food: +22.7%
Rent: +20%
Electricity: +28.4%
Natural gas: +30%
Apparel: +12%
Used cars: +20.3%
Air fare: +31.4%
Public transportation: +20.8%
Real average weekly wages: -4.2%
@jackikotkiewicz
SINCE obiden usurped...
Groceries: +21.2%
Eating out: +21%
Baby food: +29.6%
Pet food: +22.7%
Rent: +20%
Electricity: +28.4%
Natural gas: +30%
Apparel: +12%
Used cars: +20.3%
Air fare: +31.4%
Public transportation: +20.8%
Real average weekly wages: -4.2%
you mean the US lost its grip on global monetary hegemony and the petrodollar?
Edit to add: this was always the result of having the global reserve currency
Shuts down the production of oil/gas which raises cost to grow foods and transport to markets but don't blame Joe.......
the guy before him shut down more than just oil production... the ENTIRE ECONOMY stopped!
and also increased the money supply by approx the same amount
No, Biden stopped fracking and closed exploration on government lands to appease the stupid far left. We should be producing several million more barrels a day. Stopping the LNG to Europe. It just doesn’t get any worse than that. It’s on purpose. Fvcking commie President
Inflation is caused by the increase in gas/energy costs. Expansion like you said made it worse.
I'm curious why you appear to be giving Biden and the deficits he's proposing a pass on this inflation? After he was installed, he proposed even more "stimulus" that we not only didn't need but arguably was the chief spark behind this runaway inflation.
Biden didn't make those people take a withdraw , I'm betting bad money management and living above their means . Biden, alone nor just Democrats is to blame ....we the people are ....
Yes Biden put inflation on speed sorta like he took some meth from hunter and injected.
Biden more so than any past president is to blame only because he has had a hand in it for 50 freaking years..
Gotta spend that Gov. money to buy those votes from uninformed masses...
Let just assume Trump gets ellected.
Do you all think he will spend less money than Biden during his next presidency?
Mentally this turns people to the mode of enjoy now, pay later because interest was non existent and now no-one understand saving only investing. The entire system being broken and corrupted is not Bidens fault. This started decades ago! This is the affects off the financial crisis coming to bite us in the ass after the inflation bubble was burst by the economic reaction to covid. COVID alone would have had almost 0 affect if overblown by everyone in positions of power in the previous admin.
He has to inject liquidity of some kind or the system will collapse. Trump will inject liquidity into the market if he gets elected too. He will have to! Our economic system is broken! It cannot sustain itself without printing money. We are in a debt spiral and have been for a long time. It started as long ago as 71 when we went off the gold standard but the bank bailouts during the last financial crisis really set things in motion. Biden just happened to be tossed a live hand grenade after Trump printed 30% of the money supply with his spending bill combined with the economic shut down.
The SP500 is at all time highs due to inflation, the SP500 was at all time highs under Trump too.
Do you all think he will spend less money than Biden during his next presidency?
Everyone's time preference had been perverted by artificially near 0% interest rates for nearly a decade.
Mentally this turns people to the mode of enjoy now, pay later because interest was non existent and now no-one understand saving only investing. The entire system being broken and corrupted is not Bidens fault. This started decades ago! This is the affects off the financial crisis coming to bite us in the ass after the inflation bubble was burst by the economic reaction to covid. COVID alone would have had almost 0 affect if overblown by everyone in positions of power in the previous admin.
Im not "giving him a pass". It's just dishonest to call this his fault and I'm not think he is any more responsible for it than Trump who increased the spending supply by as much as Biden has (significantly more inflation adjusted)
He has to inject liquidity of some kind or the system will collapse. Trump will inject liquidity into the market if he gets elected too. He will have to! Our economic system is broken! It cannot sustain itself without printing money. We are in a debt spiral and have been for a long time. It started as long ago as 71 when we went off the gold standard but the bank bailouts during the last financial crisis really set things in motion. Biden just happened to be tossed a live hand grenade after Trump printed 30% of the money supply with his spending bill combined with the economic shut down.
The SP500 is at all time highs due to inflation, the SP500 was at all time highs under Trump too.
U.S. Inflation Is Driven By Too Much Money Chasing Too Few Goods, Not Market Power - Disruptive Competition Project
A review of Robert Reich’s recent testimony before Congress, which inaccurately alleges that corporate concentration during a time of supply chain disruptions is the primary driver of recent inflation
www.project-disco.org
U.S. Dollar Death Spiral ‘Crisis’ Fears Grow After Bank Of America Issues Shocking ‘$1 Trillion Every 100 Days’ Warning Amid Huge Bitcoin, Ethereum, XRP And Crypto Price Boom
Bank of America analysts have warned the U.S. debt load is about to ramp up to add $1 trillion every 100 days—fueling a bitcoin price surge...
www.forbes.com
Not everything you said here is untrue, but it's disingenuous at best. One thing would stop the deficit spending you correctly point out has us in this financial mess. Yet you did not mention it in your solutions.
A BALANCED BUDGET AMMENDMENT. If you go back and look at all the previous attempts to get this introduced as legislation, and get it passed by the same Congress that keeps spending money we don't have, it's essentially one party standing in the way of that becoming part of our Constitution so that the Federal Government operates as many States do. That needs to be done TODAY...and you've been virtually silent advocating for it while you bellyache about who is and who is not responsible for the rest of this unsustainable debt.
Why?
because governments cant stick to budgets. It's one of the main problems with central planning in the first place! Its impossible to for see catastrophe and you can't plan for when you have no savings. Thats why they have a money printer, so that when they cant pay for things they can print it and rob the citizens with the unseen tax.
I agree what's happening is not just on Biden.... although he has had his hand in it and voting to spend the last 50 years.
People cashing in 401k is not on Biden or even this inflation its puss poor management skills at home ....Starbucks and vacation is not a need . Can't find a restaurant or bar that's not jammed pack . People are fools and want to blame others for their stupidity. People blamed the government for the housing crash in 09 ....smart people didn't finance more than they could afford.... I didn't lose my home ...and I'm just a dumb welder and live on prehistoric economics ....they work.
Once again, you're being totally disingenuous suggesting a balanced budget amendment wouldn't put an immediate stop this automatic deficit spending! If it's good enough for the States, why wouldn't it work for Uncle Sam? For as much criticism you have for Trump running up debts, I can't find your criticism of this most recent deficit riddled spending plan from Biden.
Why not?
Your "everybody does it defense" when it comes to this deficit spending only goes so far because as I said some of it is correct. However you're not promoting or even on the side of the honest ongoing attempts that have been made to at least slow the growth of the deficits, or eliminate them altogether. You're just mad at everybody and essentially saying the problem is unsolvable because "everybody does it".
Zero credibility.
know your audience, I have reason to get on here and pile on in the "Biden Bad!" circle jerk and preach to the choir
but Biden is not the problem! The man cannot even think he has 0 control over anything you're just screaming that you don't like the blue team or the guy that represents them.
Personally I think my time is better served trying to educate you as opposed to yelling "SENILE MAN BAD!" ....
I just realized... its Biden Derangement Syndrome equivalent to TDS.
"YOU DONT SAY BIDEN IS BAD ENOUGH! MUST BE MY ENEMY!"
WE the people, need to stop blaming people and blame the system!!! Until we do that nothing will change!
OooooooooooooooooooooooH. Lets get everybody on the Bit-coin train and back to reality...
you mean people can just choose to save in bitcoin and opt out of inflation? 😱
What will the government do when they learn about this!?!?!
Btw this is what happened when a company made that move
I'm not into bit coin but blaming Biden is a waste of time . Yes he put spending on overdrive and whoever pulling his strings is a socialists to the core . People need to wise up and relax on spending and start saving on there own .
That is partially correct. I agree. The system is bad...very bad. However one guy we elected to try and change it was endlessly criticized and got very little support from the Uniparty folks like you who are still criticizing only him! Again, where is your equally critical deconstruction of the Congressional deficit spenders currently obstructing efforts like a balanced budget amendment and entitlement reforms? (both of which are part of Trump's MAGA agenda)
Did you give Trump or the Republicans any credit for proposing a balanced budget amendment?
Why not?
The balanced budget amendment/117/hjres77/text
1.
Total expenditures for a year shall not exceed the average annual revenue collected in the three prior years, adjusted in proportion to changes in population and inflation. Total expenditures shall include all expenditures of the United States except those for payment of debt, and revenue shall include all revenue of the United States except that derived from borrowing.
2.
Congress may by a roll call vote of two-thirds of each House declare an emergency and provide by law for specific expenditures in excess of the limit in section 1. The declaration shall specify reasons for the emergency designation and may authorize expenditures in excess of the limit in section 1 for up to one year.
3.
Congress shall have power to enforce this article by appropriate legislation.
4.
This article shall take effect in the first year beginning at least 90 days following ratification, except that expenditures may exceed the limit in section 1 by the following portion of the prior year’s expenditures exceeding that limit (excepting emergency expenditures provided for by section 2): nine-tenths in the first year, eight-ninths in the second, seven-eighths in the third, six-sevenths in the fourth, five-sixths in the fifth, four-fifths in the sixth, three-fourths in the seventh, two-thirds in the eighth, and one-half in the ninth.
@cam_blev
Who are you voting for in '24? Explain your reasons. If you don't plan to vote for either one of the two binary choices, log off and go play online monopoly. You have zero credibility if you can't honestly that question.
Here's a link to online monopoly
en.gameslol.net
Try me!
Who are you voting for in '24? Explain your reasons. If you don't plan to vote for either one of the two binary choices, log off and go play online monopoly. You have zero credibility if you can't honestly that question.
Here's a link to online monopoly
Monopoly - Play Free Online Games
No need to introduce Monopoly, probably the most famous board game in the world, whose goal is to ruin your opponents through real estate purchases. P...
en.gameslol.net
Try me!
