1) If you didn’t vote for Trump, then you effectively voted for Biden.
2) So why is Biden continuing with massive spending, pumping more money into the economy, when it will increase inflation?
And since I didn't vote for Biden I effectively voted for Trump.. Blah blah blah blah.. You're just bashing me for not support a liberal Republican. And it's not going to work. That's some lame ass propaganda, and a lousy debate tactic.
At the moment, because Biden hasn't stopped the money printing machines, then that's what's keeping inflation as high as it is. It's on Biden now. And if the GOP cave's on the debt ceiling, and don't stop with the big spending bills, the next president is going to inherit the same thing Biden inherited.
"We the people" get the bill from all the borrowing and spending. We adapt and finally get the economy back on an even keel. Then the government borrows trillions of new money and dumps it into the economy. That creates inflation. (Inflation is simply having too much new money in the economy. It devalues existing currency)
And so, we have to adjust to that. Pay raises, price increases etc etc etc. But we do adjust, and get things back to a doable state.
This is what we were doing when Trump got elected. This is why we had a couple of good years with Trump. Because we had adjusted to the crap that Obama created with all his spending.
Economic up's and downs, that's been happening ever since the Federal Reserve was enacted. But it wasn't until Reagan, when the BIG spending republicans took over. They started borrowing way more than they could repay.
It's when they started "punting the can" instead of just kicking it.
And since then, we've had millions of jobs leave the country, more Americans dependent on government welfare and a currency that's lost over 75% of it's buying power.
Fiscal conservatives, if we had enough of them, would stop the printing machines, increase taxes and interest rates. BUT they'd also reduce TF out of pork spending, foreign aid and unnecessary agencies. Like the Bureau of quarry, or aging. They'd probably end things like the Department of Education.
Or what ever was needed to get our financial house in order.
None the less, within a year, inflation would turn to deflation, the USD's value would increase and it's even possible that that the national debt would be lowered for the first time in a long time.
It's either that, or the USD completely collapses and we end up with a depression worse than 1991 USSR. The more BRICS countries drop the USD, the closer we are to collapsing the dollar. From what I understand, even Mexico is trying to join BRICs. One of our biggest trading partners.