PubliusInfinitum
Rookie
- Aug 18, 2008
- 6,805
- 729
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- Banned
- #21
To some people in this economy the 13 dollars a paycheck might just mean food on the table.
Well... that may be true... but to NONE of THOSE people will that $13 pay for much FOOD.
As usual, your 'feelings' belie the validity inherent your reasoning.
You're feelings is that 'this economy' is real bad... and your reasoning is that an additional $13 is better than NO additional dollars...
The problem is that no increase in production was produced in realizing the additional $13; thus the addition OF the $13, absent a correlating increase in production, undermines the currency, thus the $13 cannot correlate to an increase in value... BUT IT DOES CORRELATE TO A DECREASE IN VALUE OF THE CURRENCY and what's more, is that the decrease in value of the currency also undermines the dollars they already have or that which translate to a value in that currency, such as their home or other capital investments; investments such as their 401K, other other retirement vehicles, INCLUDING THE SACRED SOCIAL SECURITY... which means that those poor folks ARE WORSE OFF THAN THEY WERE BEFORE THE POLICY WHICH SEVERELY UNDERMINED THE VALUE OF WHAT THEY ALREADY HAD.