Government Spending< Taxes, and Inflation
https://www.crfb.org/papers/qa-everything-you-should-know-about-debt-ceiling
After the debt ceiling was raised, DC went on a huge spending spree which ran the debt up to such a high level that our national credit was downgraded. What does this mean to the average person? The simple answer is more inflation, which will soon follow. How does that happen? Each dollar in circulation is worth less when the governments creates more debt, supply and demand. Everything becomes more expensive because each dollar is worth less.
The cowardly politicians do not have the courage to raise taxes to pay for their overspending but they spend money they do not have anyway. So in effect they are raising taxes by creating inflation.
From now on think of inflation as a tax and see where that take your mind in regard to politics and government. The politicians blame the businesses to fog the issue. Businesses are just passing their increased costs down to you.
This may sound very basic to some but it is amazing how many people do not put this all together, the cause and effect.
Government Spending< Taxes, and Inflation
Thanks, Bert! To your quote:
"The cowardly politicians do not have the courage to raise taxes to pay for their overspending but they spend money they do not have anyway. So in effect they are raising taxes by creating inflation."
It's also that they are part of a system that enslaves people who pay the salaries of the [s]elected officials. Then those politicians keep saying things to get re-[s]elected to keep their cushy jobs! But the voters never question the process, the cycles, the programming.
😢😢🤬🤯😧😢