More bad news for the economically illiterate: "CPI reports lowest inflation in four years"

[g5000]

The budget which was just passed by the House Republicans will add another $3 trillion to our debt. If you add in interest on that debt, it's over $4 trillion.

In December, co-presidents-elect Musk and Trump demanded the Republicans include a suspension of the debt ceiling in the budget.

There is only one reason they would want to suspend the ceiling, and that is to open the floodgates to unlimited spending.

But go ahead and tell yourselves Trump and the GOP aren't big overspenders.

 

[g5000]

Trump wanted to suspend the debt ceiling and then blame Biden for it. Can you see just how evil this bastard is yet?

Trump said Tuesday that he wanted Republicans to force the issue and raise the debt ceiling while President Biden would be forced to take the heat for signing it into law.

Doing so would clear the deck for potentially trillions of dollars in tax cuts that Republicans have been eager to cement.

Trump, who signed three debt ceiling extensions into law during his first term without cutting debt, also said the limit never actually leads to enduring spending reductions.

https://thehill.com/business/5049287-trump-debt-ceiling-shutdown/

 

[jc456]

 

[jc456]

From 2008 through 2021.

well the 2.1 trillion under xiden sky rocketed inflation. we know this.

 

[jc456]

well the 2.1 trillion under xiden sky rocketed inflation. we know this.

Mac1958 ,

Fact check: Posts spur confusion about how much money US has 'printed'

A series of viral posts claim the U.S. has printed $8 trillion, but that doesn't line up with totals in recent years and is missing important context.

www.usatoday.com

"Our government has printed over $8 trillion," reads text in a March 29 post, which includes a picture of President Joe Biden and Vice President Kamala Harris. "And they're blaming inflation on Putin?"

 

[Mac1958]

Mac1958 ,

Fact check: Posts spur confusion about how much money US has 'printed'

A series of viral posts claim the U.S. has printed $8 trillion, but that doesn't line up with totals in recent years and is missing important context.

www.usatoday.com

"Our government has printed over $8 trillion," reads text in a March 29 post, which includes a picture of President Joe Biden and Vice President Kamala Harris. "And they're blaming inflation on Putin?"

Yes, inflation was not Putin's fault, Trumpster.

You are ignorant. Play with someone else.

 

[jc456]

Yes, inflation was not Putin's fault, Trumpster.

You are ignorant. Play with someone else.

yeah, come on creepy fence sitting demofk, tell us about the mighty printed trillion? Tell the class how that's soooooo good for the country.

 

[Crepitus]

Remember, cutting government spending and applying tariffs is supposed to make life so expensive for Americans.

Hmmmm

The more money the government cuts, the lower the deficit and better trade balances, the lower inflation will become as workers get back to work, wages slightly increase beyond the CPI rate for real wage growth. This isn't rocket science, especially if Trump is able to reclaim your manufacturing industries.

Just keep your central planners out of your economy.

Inflation Plummeting, New Data Shows​

Inflation plummeting, new data shows

According to one real-time price data aggregator, inflation has slowed to its lowest level since 2020.

www.newsweek.com

View attachment 1088649

Based on truflation's data.

The newest and least reliable source of that type of information.

All the regular sources disagree.

 

[jc456]

yeah, come on creepy fence sitting demofk, tell us about the mighty printed trillion? Tell the class how that's soooooo good for the country.

Mac1958 , tell us how good government jobs are for the economy as well?

 

[jc456]

Based on truflation's data.

The newest and least reliable source of that type of information.

All the regular sources disagree.

and yet?

 

[Crepitus]

and yet?

One outlier.

Don't read too much into it.

 

[jc456]

One outlier.

Don't read too much into it.

one outlier? hahahaahahahhahahaha it is the current outlier. So was the market crashing or was it an outlier event?

 

[Modern Messiah]

Trump was elected on third base and told you gullible fools he hit a triple.

Biden had to deal with the disaster left to him by Trump's grossly stupid and incompetent handling of the pandemic. Just like Obama had to deal with the massive economic crash left to him by Bush.

These are simple facts which your brainwashed mind cannot process.

Try to get this through your thick head: Inflation is a lagging indicator.

Let me know which words are too big for you.

312>226
All swing states
Electoral College win
Popular Vote win by millions
Congress
Senate
President Trump wins and you lose. FACT!!!
Again, try to accept reality. President Trump had between 1% and 2% inflation during his first term. FACT!!!
cornpop's administration shut down the country businesses and schools killing the country during covid. FACT!!!
What part of these facts do you not understand?
It's getting tiring correcting all of your debunked, mindless nonsense.

 

[80zephyr]

False. I've heard this lie countless times.

Trump doubled the deficit BEFORE Covid.

He also submitted the largest government spending budget BEFORE Covid.

During Covid, he called for a bigger stimulus than even the Democrats wanted.

Trump Proposes a Record $4.75 Trillion Budget​

​

US budget deficit topped $1 trillion in 2019 for the first time in seven years​

​

Trump says he wants a bigger stimulus package than the $2.2 trillion amount that Democrats are seeking


Did you know that since JFK, every Democratic president left a declining deficit to their successor while every Republican left a rising deficit to their successor?

This is why I am absolutely baffled as to how the Republican flock believes their party is fiscally responsible.

As Trump running about trillions in debt, the MAGA cult was stone silent, while they did not let a day go by to complain about Obama's debt.

I do not know how they stand the stench of their own hypocrisy.

Scientists should study this willful blindness we find on every issue. Morality, spending, reality itself.

President Trump approved $8.4 trillion of new ten-year borrowing during his full term in office, or $4.8 trillion excluding the CARES Act and other COVID relief.

More info: False claim Trump increased debt more than any president | Fact check

 

[eagle1462010]

What is your education, training, credentialing, continuing education and practical experience in macroeconomic analysis and application?

If it's not at my level, your opinion means nothing to me.

In fairness, it already means nothing to me.

Sorry.

No money, keep borrowing then you will eventually be fucked.

There. In crayon for ya

 

[jc456]

What is your education, training, credentialing, continuing education and practical experience in macroeconomic analysis and application?

If it's not at my level, your opinion means nothing to me.

In fairness, it already means nothing to me.

Sorry.

I see even you don't know that government jobs deplete revenues. color me shocked. See, private jobs bring in money, it's the only way without printing it. and printing it increases inflation. why don't the fk you educate your ownself you fk.

 

[tyroneweaver]

I ask again. What part of "Inflation is a lagging indicator" do you not understand?

Is that what is causing your brain to go on the fritz and post nonsense? Finding that Trump gets no credit for the current inflation has discombobulated you?

Do you need a doctor?

why would i need a doctor

 

[LeftofLeft]

Trump was elected on third base and told you gullible fools he hit a triple.

Biden had to deal with the disaster left to him by Trump's grossly stupid and incompetent handling of the pandemic. Just like Obama had to deal with the massive economic crash left to him by Bush.

These are simple facts which your brainwashed mind cannot process.

Try to get this through your thick head: Inflation is a lagging indicator.

Let me know which words are too big for you.

You are blind. During a global pandemic, Trump pushed the economy to get back open as quickly as possible which resulted in the Unemployment index plummeting from 14.7 at the height of the pandemic in April 2020 to 6.9 percent in October….. all the while you people were for shutting everything down except for mass social justice protests.

You mention Obama, took him 6 years to being Unemployment down from 11 percent to under 6 percent.

 

[jc456]

You are blind. During a global pandemic, Trump pushed the economy to get back open as quickly as possible which resulted in the Unemployment index plummeting from 14.7 at the height of the pandemic in April 2020 to 6.9 percent in October….. all the while you people were for shutting everything down except for mass social justice protests.

You mention Obama, took him 6 years to being Unemployment down from 11 percent to under 6 percent.

they pushed for the destruction of trump at the cost of american lives. Truly traitorous and a coup.

 

[LeftofLeft]

they pushed for the destruction of trump at the cost of american lives. Truly traitorous and a coup.

Democrats were content to prevent and punish people for trying to earn a living during the pandemic while encouraging and rewarding social Justice protestors.