Today's USA Inflation Numbers !!!

The big package

Well-Known Member
I'm sure Americans are thrilled they get to blow more money on expensive goods instead of saving it for their kids' education or their retirement thanks to President Dementia !!! President XI thanks you Joe !!!
 

rickyb

Well-Known Member
The country will continue its decline under biden as it did under trump. jobs will be low paying service sector, the debt bubbles will balloon, unionization rate will fall
 

DriveInDriveOut

Inordinately Right
But we’re surprised after decades is cheap money and stimulus we’re surprised by inflation?
You think Biden's proposals are even comparable to the past? Democrats are on a different planet with their insane budget proposals.

If adopted, spending will reach $8.2 trillion annually by 2031 while the annual budget deficit will settle in at roughly $1.3 trillion annually for the next decade. These numbers are staggering. Consider that in 2020, which was also the peak of the pandemic, the Trump administration and Congress spent some $6.5 trillion, up from $4.4 trillion pre-COVID crisis.

To pay for all this spending, Biden proposes to borrow $3.7 trillion in FY 2021. Not surprisingly, the national debt under this plan is projected to increase from $24 trillion this year to $39 trillion by 2031. That's an increase of debt held by the public from 100 percent of the gross domestic product in 2020 to 117 percent by 2031. As a reminder, at the height of World War II, public debt as a share of GDP was 106 percent.
 

bacha29

Well-Known Member
You think Biden's proposals are even comparable to the past? Democrats are on a different planet with their insane budget proposals.

If adopted, spending will reach $8.2 trillion annually by 2031 while the annual budget deficit will settle in at roughly $1.3 trillion annually for the next decade. These numbers are staggering. Consider that in 2020, which was also the peak of the pandemic, the Trump administration and Congress spent some $6.5 trillion, up from $4.4 trillion pre-COVID crisis.

To pay for all this spending, Biden proposes to borrow $3.7 trillion in FY 2021. Not surprisingly, the national debt under this plan is projected to increase from $24 trillion this year to $39 trillion by 2031. That's an increase of debt held by the public from 100 percent of the gross domestic product in 2020 to 117 percent by 2031. As a reminder, at the height of World War II, public debt as a share of GDP was 106 percent.
How come you were never worried about the Trump deficit spending ? We know.... Trump deficit spending.... good. Biden deficit spending.... bad.
 

DELACROIX

In the Spirit of Honore' Daumier
How come you were never worried about the Trump deficit spending ? We know.... Trump deficit spending.... good. Biden deficit spending.... bad.

Past history..what you got now is that half the nation will be looking for an out when the markets tank. Just pray that your boy in office doesn’t do something really stupid than watch out.
 
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