Inflation is a major concern for the people and our economy. The government must take steps to reduce inflation in order to ensure a healthy economy and a better future for all. Cutting taxes and increasing government spending are important economic policies that can help promote economic growth. However, reducing the national debt is also essential, as it contributes to inflationary pressures. We must also ensure that the policies we implement are sustainable and responsible. It is time for our government to take action to ensure a strong and vibrant economy for all people.
@sh76 saidI agree that inflation is a problem. But I'm not sure what you are suggesting. Would you cut taxes, increasing government spending or reduce the national debt? You probably cant do all three all the same time. Personally, I'd be inclined top cut government spending because on the margins I'd rather individuals have the opportunity to decide what they want with their money.
Inflation is a major concern for the people and our economy. The government must take steps to reduce inflation in order to ensure a healthy economy and a better future for all. Cutting taxes and increasing government spending are important economic policies that can help promote economic growth. However, reducing the national debt is also essential, as it contributes to inflati ...[text shortened]... It is time for our government to take action to ensure a strong and vibrant economy for all people.
@sh76 saidThe latest economic data suggests inflation as slowed to somewhere in the 3-5% range. Historically that's pretty normal, so no radical course correction seems indicated.
Inflation is a major concern for the people and our economy. The government must take steps to reduce inflation in order to ensure a healthy economy and a better future for all. Cutting taxes and increasing government spending are important economic policies that can help promote economic growth. However, reducing the national debt is also essential, as it contributes to inflati ...[text shortened]... It is time for our government to take action to ensure a strong and vibrant economy for all people.
I suspect sh is just doing his bit of pre-propaganda for when Republicans threaten to shut down the government over the debt ceiling increase.
@no1marauder saidWhile shutting the government down isn't a good solution, raising the debt ceiling without considering the effect of records level of borrowing is an awful idea also.
The latest economic data suggests inflation as slowed to somewhere in the 3-5% range. Historically that's pretty normal, so no radical course correction seems indicated.
I suspect sh is just doing his bit of pre-propaganda for when Republicans threaten to shut down the government over the debt ceiling increase.
@no1marauder saidGood guess, but no.
The latest economic data suggests inflation as slowed to somewhere in the 3-5% range. Historically that's pretty normal, so no radical course correction seems indicated.
I suspect sh is just doing his bit of pre-propaganda for when Republicans threaten to shut down the government over the debt ceiling increase.
Gas prices have already come down to $3.50.
I believe that the inflation, gas prices and recession will be in the rearview mirror by the time 2024 campaign comes around.
Immigration will be there. Crime will be there, guns and all.
But it seems that the conservatives will do nothing but talk about hearings.
Hunter Biden issue, with emphasis on Joe Biden.
Response to COVID, with emphasis on Fauci.
Notably 2 people who have made Trump look stupid when doing a post mortem on COVID.
These hearings are largely being driven to clear a path for Trump's 2024 run.
Hey !! Trump is dirty !! But others aren't any better !!
@sh76 saidDon't you realize government created this inflation? I know, you probably heard the FRS raised interest rates to fight inflation. Right? the FRS always fights what they create. It is their MO. That way they can increase the cost of borrowing money too.
Inflation is a major concern for the people and our economy. The government must take steps to reduce inflation in order to ensure a healthy economy and a better future for all. Cutting taxes and increasing government spending are important economic policies that can help promote economic growth. However, reducing the national debt is also essential, as it contributes to inflati ...[text shortened]... It is time for our government to take action to ensure a strong and vibrant economy for all people.
There are other methods of reducing inflation. That 1.9 trillion created out of nothing by the FRS (authorized by government) is the main cause of inflation. Increasing the money supply increases inflation. Congress didn't want to tax people directly so they did it with inflation. I know this sounds a bit like putting crap back into the horse, but the crap would not be out if they had taxed people in the conventional way. Tax people 1.9 trillion dollars and destroy the money.
Okay, not the whole 1.9 trillion. It is too late to make it the same amount because interest rates have been raised which will slow lending and eventually reduce the money supply to some degree. That is because of "fractional reserve banking".
Government is simply scamming us with economics. Fighting inflation that they created is a scam. There is no way around this logic. There are certain laws of economics that cannot be denied. In order for inflation to be caused without an increased money supply velocity would have to increase a lot. If there is little velocity increase it has to be the money supply except for anti competitive practices like price fixing refined fuel or other supply shortages. Our oligarchy wants to keep the price fixing going so they will blame it on other supply shortages instead and Biden will lie and scapegoat anything. Economists know he lied, but that is what presidents do. They all lie and gaslight the public with BS even economists balk at. It is what they do.
https://thehill.com/homenews/administration/3528230-how-much-does-bidens-1-9t-bill-have-to-do-with-inflation/
https://en.wikipedia.org/wiki/Velocity_of_money
"The country has added jobs in every month of Biden’s administration—10.5 million of them—and exports are up, helping the economy to grow at 2.9% last quarter. And Walmart’s chief executive officer yesterday said that prices are coming down for toys, clothing, and sports equipment, while the chief executive officer of Kroger says prices for fresh food products are also easing. " Heather Cox Richardson
Gas prices are dropping too. "Filling up is now as cheap as it was in February, just before Russia’s invasion of Ukraine touched off a global energy crisis. AAA reported the average nationwide price of a gallon of regular Wednesday was $3.50, and gas price tracking company GasBuddy projected it could drop below $3 by Christmas. And all of that relief probably helped drive robust shopping over Thanksgiving weekend." Washington Post Nov. 30, 2022
@booger saidhttps://fortune.com/2022/09/20/why-meat-prices-high-bacon-pork-jbs-price-fixing-settlement/
Put a limit on corporate profits.
Expose companies that are selling products for ridiculous markups.
If those companies leave the country so what?
Other start ups will go after the available profits to be made.
@sh76 saidI would have happily and honestly engaged in this debate in 2017 when Republicans controlled all of congress and the presidency before they doubled Obama's deficit spending.
Inflation is a major concern for the people and our economy. The government must take steps to reduce inflation in order to ensure a healthy economy and a better future for all. Cutting taxes and increasing government spending are important economic policies that can help promote economic growth. However, reducing the national debt is also essential, as it contributes to inflati ...[text shortened]... It is time for our government to take action to ensure a strong and vibrant economy for all people.
But now? Nah. Republicans are the problem. They're the spenders. Get them out and elect responsible leaders.