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re: CPI numbers still hot inflation
Posted on 4/10/24 at 9:43 am to Ten Bears
Posted on 4/10/24 at 9:43 am to Ten Bears
quote:
Obviously Trump is a better candidate than Biden. However, to simply ignore Trump’s spending as a contributing effect on inflation is economic illiteracy or willful ignorance. And it wasn’t just COVID. Trump was running trillion dollar deficit in 2019 ($974 Billion) and taking COVID out the equation, his budget deficit in 2020 was $1.02 Trillion.
At this point, in terms of the standard budget, it's hard to call any budget in the last 10 years or the next "The President's".
Almost all of the shite is legally mandated WITH legally mandated rates of increase to the point that if all a President and congress do is stand pat, we are looking at increasing debt and deficits.
Sadly, I'm left to basically just hope that whomever hops in the driver's seat as we go over the cliff just has the courtesy to stop accelerating.
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