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Dem Senator Joe Manchin tweeted these comments recently.
Some call this an "inflation tax" because it's government imposed (by over-spending & printing Monopoly money), and unavoidable....EVERYONE must pay it.
Nobody knows where & when it will slow down, or end. Right now, inflation is at its highest since 1990...32 yr high!
The PPI (producer price index) is at 8.6%, which is even higher than the CPI (a measure of inflation) of 5%, which indicates CPI will likely move higher.
The Feds can't curb inflation by increasing interest rates, because that would drive the interest on our debt even higher. Our interest payments will soon eclipse defense spending!
The only way to stop runaway inflation is reduced gov't spending, and to stop printing Dollars.
The gov't is totally controlled by the Democrat party, so it's up to them to reverse the runaway inflation train that is crushing Americans who live paycheck to paycheck....which is ~1/2 of us.
Will they do what must be done? At what price-per-gallon of gas, or milk, do Dem voters start demanding their elected leaders take action? $5, $10
Dem politicians surely won't listen to Pub voters, so it's up to Dem voters to take action.
Do Dem voters have compassion for the ~1/2 of Americans who live paycheck to paycheck?
Of course they don't. It was all about power. I can't help but wonder if they are going to be sorry when they finally see the Frankenstein they have created. I think it might be too late to fix it by then.
After months of political wrangling and the final passage of Covid-19 relief package, President Trump said in a video on Tuesday, “The bill they are now planning to send back to my desk is much different than anticipated.” He called it a “disgrace” and refused to sign the piece of legislation. Trump demanded that Congress substantially increase stimulus payments to $2,000 from a paltry “ridiculously low” $600...
If you think the Red versus Blue wars are the end all be all, you have some very surprising revelations coming your way.
If you are going to blame a President, Trump is the one responsible for the start of the sky high inflation. The pandemic assistance from the feds wasn't needed and encouraged people to not work.
It started well before Trump. I'd say around Bush Jr's first term, when interest rates started to fall below historic norms, creating cheap credit which fueled multiple bubbles that were never corrected.
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