[tomder55]

Yesterday I suggested that because of his declining mental state that Clueless Joe Biden should be removed from office for the good of the country immediately . I am reconsidering this because the chances are good that if they field another candidate for President they have a better chance of winning.

Listen to the Dems. They broad brush and label Repubs as MAGA Republicans . But Repub messaging singles out Joe as if he were replaced today the nation would be better off with another Dem running the country .

Yesterday I pointed out that Trump is closing the gap with Joe with the youth vote. At the same time the polling organizations are singling out that people are becoming more pro-infanticide ;including the youth voter .
The only way Trump could be closing the gap would be if abortion was NOT the top issue for the young voter . It isn't

Reddit has identified the top issue for the young voter is inflation. Oh they don't officially poll . But Reddit is one of the social media sites that the youth go to air out their opinions. Clearly they are worried about things like never being able to purchase their own homes.

There are hundreds of examples like this one on the site
I’m afraid I’ll never afford a home : r/RealEstate (reddit.com)

Guess what ;this was an intentional outcome of Democrat polices.

Don't believe me ? Listen to SC Rep Jim Clyburn . As you may remember ,it was his endorsement of Clueless Joe in the 2016 Dem primaries that put Joe on top.

Biden wins crucial Jim Clyburn endorsement ahead of South Carolina primary - POLITICO

Speaking in 2022 ,he ADMITTED that the Dems KNEW they were going to give us runaway inflation when they started pumping monopoly bucks into the economy with so called recovery acts . Here he is on MSNBC

"Let me make it very clear. All of us are concerned about these rising costs, and all of us knew this would be the case when we put in place this recovery program," "Any time you put more money into the economy, prices tend to rise."
Dem Whip Jim Clyburn: "Fool's Choice" To Trade Voting Rights For Cheap Gas | Video | RealClearPolitics

That would be $1.9 trillion American Rescue Plan and $738 billion to the Orwellian named Inflation Reduction Act.

Despite KNOWING they were ushering in unmanagable inflation . Clyburn said that the policy should be the Dems "Father, the Son and the Holy Ghost going forward."

Democrats consider the Build Back Better bill to be vital for the country : NPR

So you see ;no matter which Dem is their standard bearer . This policy will not change .

There is a logic to this when you combine it with their green new steal. They don't want new homes built . They don't want kids owning their own home . They want people cramped into apartments that they rent. It is also easier to control people that way. And most of all ;they want to expand the power of the Federal Government
To them there is an upside to inflation .

Their logic: Workers would have more leverage to demand higher wages, as employers competed for employees. With higher incomes, people would be able to spend more, which would fuel the economy by creating demand for goods and services. It could also yield higher productivity, as companies invested in technology to better meet demand.

Higher wages, higher growth, higher productivity. Win-win-win.

This Is The Economy Democrats Wanted. But Voters Only See Inflation. - POLITICO

But what top Democrats are really saying, at a time when Republicans warn that a record infusion of government spending would hypercharge inflation, is that short-term price spikes aren't relevant to their attempts to expand the role of the federal government.

For Democrats, the pain of inflation is no reason to stop spending (nbcnews.com)

You replace Clueless Joe with someone like Gavin Newsom or Madam Defarge Michelle Obama it is more likely that they win this year and cement their policies into our future. It may already be too late. This is the new normal as they say

[jlisenbe]

Great post. As far as I know, there are only two ways to pay for deficit spending. One is to borrow the money, but that has brought us to 34 tril in national debt, a sort of financial sword of Damocles hanging over the collective head of the country. Even for modern day pols, that begins to be obscene at some point, so the alternative is to magically increase the dollar supply. That results in inflation, a rather cruel tax that hits the poor harder than anyone else, but our nation has become so dull of thought that people can't put 2 and 2 together on that deal to see what's going on. Women want the supposed right to have their unborn children killed, minorities have been brainwashed to believe that a large federal government will take care of them, and liberal whites imagine themselves to be the noble few by voting for those who will reduce their rights in order to correct the many injustices of the past. I don't think this will end well.

[tomder55]

There is one other way that Reagan got but modern Repubs don't You can grow your way out .But you have to deal with it before crisis .We may be too late .

AI and other new technologies promise one possible growth opportunity . Then of course there is still drill baby drill.

[jlisenbe]

Except that Reagan did not decrease deficits, he increased them, sad to say. The deficit in 79 was 41 bil. Reagan exceeded that every year and went north of 200 bil three years.

[tomder55]

He did not control Congress. Tip O'Neil had huge majorities for a decade. From 1977 to 1987he had, on average, 99.4 seats more than the Repubs

[tomder55]

CBO underestimated the deficit . They now predict $1.9 trillion in 2024 up $400 billion from their estimate . They predict the debt will exceed $50 trillion by 2034

[tomder55]

BTW revenues are at 17.2 % of GDP which is in line with a 50 year average before the pandemic .

That means that the soaring debt is not a question of taxing enough . The debt is the result of too much spending .



An Update to the Budget and Economic Outlook: 2024 to 2034 | Congressional Budget Office (cbo.gov)

[jlisenbe]

I copied and pasted this onto Facebook. Did not receive any response at all. A few days ago I posted about some problems with yellowjackets I had been having. Got all kinds of responses. And there, I think, we can see the problem rather clearly.

CBO underestimated the deficit . They now predict $1.9 trillion in 2024 up $400 billion from their estimate . They predict the debt will exceed $50 trillion by 2034

[jlisenbe]

Well, the beat goes on. A man who makes 90K a year couldn't pay off 8,000 in student loans? Really? The White House referred to this as a "crushing debt". Why should this be viewed as anything other than buying votes with public money?

"A House Democratic staff member who was ripped for praising President Biden after his $8,000 student loan debt was erased is facing even more scrutiny on social media over posts displaying expensive spending habits while earning a salary upwards of $90,000 per year."

Dem staffer blasted for spending habits after going viral for thanking Biden for erasing $8K student debt | Fox News

[tomder55]

The person working retail at the places he shops subsidizes this guy's free ride .

[tomder55]

update look at the spike in the debt in the last month

Home / X

Interest on the debt is now our highest number in the budget out pacing military spending.