Biden's inflation stoked to 30-year high

Qcity said:
The September print comes out this week .................. look for bad numbers again.




The leftists have destroyed EVERYTHING they have touched.
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The Consumer Price Index rose 8.2 percent in the year through September, another stubbornly high result driven by more costly food, rent and other items.




The leftists' massacre of the middle class rolls on ............
 
hubman said:
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I cant believe no one called you out on this graph yet. Out of curiosity and a hunch i looked up Israels inflation rate. The reason it has went up 25 x what first quarter 2020 was is because it was so dang low. They still have about 1/2 the inflation we do.

This graph is stupid. If a countries inflation rate was 10% first quarter 2020, and now is 15% , that is low by the metrics of this graph. But if a country like Israel had a first qt 2020 rate of .2%, and now the rate is 5%, they have inflation "exploding" 25 times higher than 2020. The fact is, they went from near 0 percent to 4.xx % today. That is still great compared to us.

How many more of these countries fit that situation? Who built this graph using this criteria, the re elect Joe campaign?
 
D4fan said:
I cant believe no one called you out on this graph yet. Out of curiosity and a hunch i looked up Israels inflation rate. The reason it has went up 25 x what first quarter 2020 was is because it was so dang low. They still have about 1/2 the inflation we do.

This graph is stupid. If a countries inflation rate was 10% first quarter 2020, and now is 15% , that is low by the metrics of this graph. But if a country like Israel had a first qt 2020 rate of .2%, and now the rate is 5%, they have inflation "exploding" 25 times higher than 2020. The fact is, they went from near 0 percent to 4.xx % today. That is still great compared to us.

How many more of these countries fit that situation? Who built this graph using this criteria, the re elect Joe campaign?
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www.pewresearch.org

In the U.S. and around the world, inflation is high and getting higher

In nearly all of the 44 advanced economies we analyzed, consumer prices have risen substantially since pre-pandemic times.
www.pewresearch.org www.pewresearch.org
 
BGFalcons82 said:
The sad part is an 8.7% COLA still isn't enough for seniors living on fixed incomes. We haven't seen these increases since Carter nearly destroyed America... and now we have FJB trying his damdest to out-do Mr. Peanut Farmer.
www.foxbusiness.com

Social Security recipients to see biggest COLA increase since 1981

The Social Security Administration on Thursday announced the cost-of-living adjustment for Social Security benefits, with recipients receiving a record increase.
www.foxbusiness.com www.foxbusiness.com
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And how is this supposed to work? Still no plan to make social security solvant.
"What's more, the unusually large COLA could move the Social Security insolvency date forward by more quickly depleting the funds."
 
The Fed. Reserve is basically at war with the Biden adm. Fed. Reserve keeps raising rates while the Federal govt. keeps spending more money. The higher the rates go the deeper the looming recession becomes. Someone in the govt. has to wake up and smell the coffee quit spending (handing out) money which spurs higher inflation if not the higher the rates will go and deeper the recession will be.
 
Sleepy Joes not that smart. It’s transitory
Still thinks it’s not his fault. Totally lost
 
Stirred not Shaken said:
The Fed. Reserve is basically at war with the Biden adm. Fed. Reserve keeps raising rates while the Federal govt. keeps spending more money. The higher the rates go the deeper the looming recession becomes. Someone in the govt. has to wake up and smell the coffee quit spending (handing out) money which spurs higher inflation if not the higher the rates will go and deeper the recession will be.
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You assume the government wants lower interest rates. Since the Left is hellbent on destroying the country, they are happy as can be.
 
bob99 said:
And how is this supposed to work? Still no plan to make social security solvant.
"What's more, the unusually large COLA could move the Social Security insolvency date forward by more quickly depleting the funds."
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How is what supposed to work?
Ever since they tossed the gold standard into the toilet, they’ve been able to steal as much as they like from the Social Security “Trust”. They no longer need gold as a placeholder, just a simple “IOU”.
Regarding insolvency, the current WH occupier was all-in on taxing Social Security benefits when he was a senator. So, he’ll likely go after seniors again and raise their taxes. It’ll just kick the can down the road for a bit, but he’ll be heralded as “doing something.”
 
BGFalcons82 said:
How is what supposed to work?
Ever since they tossed the gold standard into the toilet, they’ve been able to steal as much as they like from the Social Security “Trust”. They no longer need gold as a placeholder, just a simple “IOU”.
Regarding insolvency, the current WH occupier was all-in on taxing Social Security benefits when he was a senator. So, he’ll likely go after seniors again and raise their taxes. It’ll just kick the can down the road for a bit, but he’ll be heralded as “doing something.”
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When you can print money you are never going to deplete funds. We will simply borrow more from the printer.
 
Every dollar that goes into personal purchases made by an American individual instead of making a payment on their student loan because of the Biden-istas "student loan payment moratorium" IS ACTUALLY INFLATIONARY.

Please, people, make a note of this fact.

Grow up and assume your contracted responsibilities. Like an adult. Deny yourself, if you must, but stop being leeches, please. You are living as selfish, irresponsible children.
 
I have a question why are interest rates on loans going up and yet the interest rates on things like savings and CDs remaining low? This was not how things happened during Carter and the start of Reagan. I know I lived those times.
 
BGFalcons82 said:
The sad part is an 8.7% COLA still isn't enough for seniors living on fixed incomes. We haven't seen these increases since Carter nearly destroyed America... and now we have FJB trying his damdest to out-do Mr. Peanut Farmer.
www.foxbusiness.com

Social Security recipients to see biggest COLA increase since 1981

The Social Security Administration on Thursday announced the cost-of-living adjustment for Social Security benefits, with recipients receiving a record increase.
www.foxbusiness.com www.foxbusiness.com
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Those increases came under Reagan and 8.7% is higher than inflation right now.
 
19AL63 said:
I have a question why are interest rates on loans going up and yet the interest rates on things like savings and CDs remaining low? This was not how things happened during Carter and the start of Reagan. I know I lived those times.
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Banks are messing with you. They just want to help keep you confused.
 
ProV1 said:
Banks are messing with you. They just want to help keep you confused.
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No not confusing us they are just putting the screws to us and I do not know how to correct this. We keep hearing how the oil companies are putting it to us and I am asking what about the banks how much are they making?
 
19AL63 said:
No not confusing us they are just putting the screws to us and I do not know how to correct this. We keep hearing how the oil companies are putting it to us and I am asking what about the banks how much are they making?
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Banks always make money. They are not killing it at the level of oil companies, but they are doing just fine. Joe is a very business friendly president.

 
19F5E3EC-AE0C-410E-8081-853F1C431DBC.jpeg
 
Rampant inflation, crime, and the open border should guarantee the R's of picking up 50 House seats and control of the Senate.

The People have seen enough.
 
Qcity said:
Rampant inflation, crime, and the open border should guarantee the R's of picking up 50 House seats and control of the Senate.

The People have seen enough.
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Should guarentee is the operable phrase here. I never comprehend how so many people believe voting for leftist socialist policies is a good idea, so I always think people will see the error of their ways and vote more responsibly. A vote for liberal spending is a vote to have your kids and grandkids pay for your sorry butt.
 
D4fan said:
Should guarentee is the operable phrase here. I never comprehend how so many people believe voting for leftist socialist policies is a good idea, so I always think people will see the error of their ways and vote more responsibly. A vote for liberal spending is a vote to have your kids and grandkids pay for your sorry butt.
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I'm beginning to sense a tidal red wave.
 
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