Leftists always like to say how they want to help the lower- and middle-class, by giving away more free stuff of course, but their policies are KILLING the financial well-being of tens of millions of middle class people!
I am talking about retirees and near-retirees - the ones who did everything right to prepare for their golden years. They worked regular jobs all their lives, and saved and invested for 30 to 40 years.
But Biden (or his Marxist handlers) are buying votes - under the pretense of “equity” - with handouts for whatever specific group they deem worthy, be it parents earning $150,000 with a child, or proposing to abolish student loans, make college free, whatever. That has already driven inflation to a 40-year-high.
The result is that the Fed is now forced to take aggressive action to control Biden’s damage and has announced as many as five rate hikes this year. That not only means that borrowers with adjustable rates will be hit hard, but he has spooked the stock market in anticipation of rising (inflation-fighting) rates.
So, in order to give parents with six-figure incomes money, and with the threat of more handouts, including to illegals, elderly people like my mother living in an ALF off her savings is getting hit hard, and independent retirees, looking forward to a return to travel and other activities they saved for, will see their standard of living fall.
I am talking about retirees and near-retirees - the ones who did everything right to prepare for their golden years. They worked regular jobs all their lives, and saved and invested for 30 to 40 years.
But Biden (or his Marxist handlers) are buying votes - under the pretense of “equity” - with handouts for whatever specific group they deem worthy, be it parents earning $150,000 with a child, or proposing to abolish student loans, make college free, whatever. That has already driven inflation to a 40-year-high.
The result is that the Fed is now forced to take aggressive action to control Biden’s damage and has announced as many as five rate hikes this year. That not only means that borrowers with adjustable rates will be hit hard, but he has spooked the stock market in anticipation of rising (inflation-fighting) rates.
So, in order to give parents with six-figure incomes money, and with the threat of more handouts, including to illegals, elderly people like my mother living in an ALF off her savings is getting hit hard, and independent retirees, looking forward to a return to travel and other activities they saved for, will see their standard of living fall.