A key inflation measure rose to a 39-year high to 6.8 percent last month under Biden, as Republicans pounce on the bad economic news

[basquebromance]

Voters understand that throwing a bunch more money into the system is going to continue to aggravate inflation. And that’s a killer

 

[basquebromance]

 

[basquebromance]

 

[Lisa558]

Well if inflation goes bonkers I guess it'll be good for people who owe money. Lol The rest of us not so much.

Not really. The fed will step in to try to tighten the money supply, and interest rates will shoot up. People who have ARMs will see their monthly payments skyrocket, and those who bought houses in an inflated market will see themselves underwater, and with payments they can’t afford.

So after Biden finishes his policies to drive inflation, he will work on crashing the housing market. It’s all part of making people “equal.” After all, why should an educated middle class person who works 50 hours a week at a professional job be able to own a house when people with a high school diploma or less sit home with their babies, forced to live in a rental subsidized by taxpayers?

 

[Lisa558]

Yeah, inflation is sooooo bad everyone is spending money....

People always spend to the hilt, and Biden is handing out money left and right. My cousin earns more than $100,000 in the south, and she just asked to borrow $500 from me. She has NOTHING in savings.

 

[otto105]

People always spend to the hilt, and Biden is handing out money left and right. My cousin earns more than $100,000 in the south, and she just asked to borrow $500 from me. She has NOTHING in savings.

Yeah, everyone is just like your cousin….

 

[Lisa558]

Yeah, everyone is just like your cousin….

Woooosh…..

 

[bendog]

Voters understand that throwing a bunch more money into the system is going to continue to aggravate inflation. And that’s a killer

I just don't see how this is a winning argument when there's inflation, and I think it's flat out socialism.

As Dems sprint against the clock, child tax credit might slip away

“It’s as important a thing as there is” in the party's social spending bill, as one senator put it. And it's expiring any day now.

www.politico.com

which progressives have hailed as a key step toward their goal of guaranteed income for families with children.