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Im not scared of it. it would help me pay off my home easier as my payment won't change. And thats a far bigger portion of my income then most anything else.
The goal generally is 2% inflation, but we've had it as high as 18% one year, and even seen stretches of 4% for years.
Exactly, debtors love inflation. Time to leverage up.
Either we are a great nation....or we arent. And right now? most countries are doing this and far more for their citizens. Great nations dont focus on just the wealthy. They work for everyone in their country.
Those other great nations also don't donate tax payer money to other countries, or flood their countries with a bunch of immigrants. Most of those countries you have to work hard to become a citizen. Many you have to already have blood ties to get assistance. Even Canada, you can't just walk across the border and then get free health care. You have to apply citizenship, and they can deny you. If the USA had immigration policies similar to Canada or Poland, then we could afford these things. But with the open borders and promise of amnesty, it's just never going to turn out good in the end.
The Democrats want all these new programs but the baby boomers are retiring and many will be drawing a fortune in Social Security and Medicare. About half of the children are born to parents who are very dependent on government spending to keep them and their children off the streets.
The peak of boomer births was 1957. More than 50% of boomers are already collecting.
And boomers will be the first generation to have paid more into the system than they will take out.
Boomers are the first generation to have paid into SS/Medicare all their working lives.
Looks like Biden is giving the GOP the month of May to negotiate in good faith toward a deal. If he doesn’t see movement and the GOP continues to say a number 1/4 of what Biden proposed is their final offer, then he’s prepared to go it alone on his plan.
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