How much longer do you believe this idiocy can continue? We have debased the currency to the point where the Government plays games with the Fed to keep interest rates low while lying about there being no inflation.
They can squander the money on worthless programs to keep themselves in office, or fess up and pay that money on soaring interest rates on the growing debt. You seen the choice they made.
The big question is,
“Why keep voting for them?”
No inflation. Pssst…I have this bridge you might be interested in…from Rico
Inflation? What inflation?
There’s NO inflation here! That’s why the 2017 COLA increased by only 0.3% [for Congress and Common Core math students that is 3/10 of ONE percent.]
But hey! Good news, in the last ten years (1996-2016) TV prices have fallen by 100%.
Rejoice happy debt slaves.
Your beloved FED (that privately owned, for-profit bank) is staying under it’s inflation rate target of 2%.
Never you mind that the consumer items indexed on the attached charts reflects an overall inflation rate of +57.1%.
- Food and Housing are up >50%.
- Health Care and Child Care are up >100%.
- College Tuition is up >200%.
Feeling better now?
Have you figured out how all this happened? Look back to LBJ’s “Great Society”. LBJ had to pay for the Viet Nam War; he didn’t want to take any tax dollars to fund that since his agenda required increased spending as is.
There was a Pot o’ Gold to be had and the Congress gave it to him: The Social Security Fund. The Fund was removed from it’s protected place and put into the general fund and spent on the war, his failed Great Society and every social program that Congressional members found for their districts. The Fund never was put back into it’s protected place. Now Social Security is failing too.
If the SS fund were to be removed from the General Fund, the National Debt would soar, spending would have to be curtailed AND taxes go up considerably. All because of American’s greed for current FREE lifestyle and still wanting a future payoff too.
You’re not going to get it.
Filed under: Collectivist Banking | Tagged: Bare face liars, Clown Show, Corruption, Economy, Federal Reserve, Losers, Progressives, Pusillanimity, Socialists, The Liberal Plantation, The Low Information Crowd |