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re: Biden claimed on Wednesday that inflation was “skyrocketing” when he took office
Posted on 4/12/24 at 11:22 am to Meauxjeaux
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.
Posted on 4/12/24 at 11:25 am to RogerTheShrubber
Lol post a debt graph, not a spending graph...
...and inadvertently make my point.
Trumps's spending, and the resultant increase in debt because our government ALWAYS spends more than it takes in, is the EXACT SAME TRAJECTORY from your 2009 beginning....
... until, Covid! Lol it says it right there in your graph.
...and inadvertently make my point.
Trumps's spending, and the resultant increase in debt because our government ALWAYS spends more than it takes in, is the EXACT SAME TRAJECTORY from your 2009 beginning....
... until, Covid! Lol it says it right there in your graph.
This post was edited on 4/12/24 at 11:28 am
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