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re: Credit card debt up more than 50% in 2023, Bidenomics working
Posted on 2/7/24 at 12:49 pm to Rip Torner
Posted on 2/7/24 at 12:49 pm to Rip Torner
quote:
You mean until he stupidly listened to the libs and needlessly shut the economy down
Even worse, he bailed them out. Also gave millions enough money to quit work for a year.
Thats how you destroy an economy. Until we let people fail and take some losses, the economy keeps growing and we lose purchasing power.
People pull back at the idea of deflation, but its damn near necessary. People will just have to take losses.
The only other option will be a dual economy, or massive subsidies to keep poor people alive.
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