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Old 12-21-2022, 08:10 AM
 
2,170 posts, read 1,953,992 times
Reputation: 3839

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Did we not just spend the last 18 months raising interest rates at the fastest pace in history to fight inflation, and now we're going to print more money out of thin air which will only further raise inflation.

Does anyone else feel like politicians on both sides are no longer doing what's best for the American people and instead just lining their own pockets?
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Old 12-21-2022, 08:10 AM
 
Location: NMB, SC
43,080 posts, read 18,252,401 times
Reputation: 34961
Most of that spending money is going to the alphabet people groups.
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Old 12-21-2022, 08:12 AM
 
Location: Colorado
6,797 posts, read 9,347,476 times
Reputation: 8815
This is a garbage bill and budget that will probably pass. Sad that we’ve got these bottom of the barrel politicians running this country. It’ll exacerbate inflation but when election time rolls around, everyone will continue to vote for these people anyway. Sad!
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Old 12-21-2022, 08:13 AM
 
3,618 posts, read 3,054,504 times
Reputation: 2788
It's going to pass with flying colors, but not until they slip in another couple hundred billion to satisfy the squealers who say it isn't providing enough for their districts.
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Old 12-21-2022, 08:25 AM
 
5,921 posts, read 2,757,706 times
Reputation: 3434
Quote:
Originally Posted by Fedupwiththis View Post
Did we not just spend the last 18 months raising interest rates at the fastest pace in history to fight inflation, and now we're going to print more money out of thin air which will only further raise inflation.

Does anyone else feel like politicians on both sides are no longer doing what's best for the American people and instead just lining their own pockets?
And with higher interest rates, the US will have to print even more money (out of debt) to cover the interest payments on our debt.

It's a cycle that feeds off of itself.

CBO is projecting the 10 year interest costs to be $8.1 trillion!!! Think about that! That $8.1 trillion is going to have to be created out of thin air to service the debt.

Net interest costs will account for almost 40 percent of federal revenues by 2052. Something tells me that there is going to be a big struggle between now and then.
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Old 12-21-2022, 08:27 AM
 
9,863 posts, read 4,638,421 times
Reputation: 7498
Too big to fail.

Get people & businesses strung out on federal government spending like a junky on crack and one will never be able to stop it until those junkies stop using government money.
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Old 12-21-2022, 08:28 AM
 
Location: A Nation Possessed
25,719 posts, read 18,788,778 times
Reputation: 22571
The magic of MMT.

Otherwise know as, "how to do everything possible to crash the economy."
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Old 12-21-2022, 08:30 AM
 
4,582 posts, read 3,407,702 times
Reputation: 2605
Did you not hear the fed people....inflation is only due to workers being able to get more than minimum wage.
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Old 12-21-2022, 08:32 AM
 
10,471 posts, read 6,982,705 times
Reputation: 11553
Quote:
Originally Posted by armourereric View Post
Did you not hear the fed people....inflation is only due to workers being able to get more than minimum wage.
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Old 12-21-2022, 08:33 AM
 
Location: TX
2,016 posts, read 3,521,850 times
Reputation: 2176
Pretty funny how much crap the left gave Trump for wanting to ban TikTok, yet this bill bans it on government devices.

Anyways it's just funny money at this point. We're on our way to a quadrillion in debt and nobody cares. I wouldn't be surprised if we hit it in the next 15-20 years.
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