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re: Biden claimed on Wednesday that inflation was “skyrocketing” when he took office
Posted on 4/12/24 at 11:19 am to Meauxjeaux
Posted on 4/12/24 at 11:19 am to Meauxjeaux
So there it is, in plain black and white... Trump through 3.5 years of his presidency did NOT spend crazy amounts just to spend it.
It's irrefutable. Covid spending was Trumps reason (needed) that he "spent" all this extra money. Not like Biden with shitty economic policy.
It's irrefutable. Covid spending was Trumps reason (needed) that he "spent" all this extra money. Not like Biden with shitty economic policy.
1
Posted on 4/12/24 at 11:22 am to Meauxjeaux
quote:
Economists agree that we needed massive deficit spending during the COVID-19 crisis to ward off an economic cataclysm, but federal finances under Trump had become dire even before the pandemic. That happened even though the economy was booming and unemployment was at historically low levels. By the Trump administration’s own description, the pre-pandemic national debt level was already a “crisis” and a “grave threat.”
This is irrefutable.
If you put more money into the system when we are at full employment it will eventually cause inflation.
Thats not opinion.
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