Courtesy of Joe Biden. Let me remind the unhinged lefties here that Trump had us going the other way.... LMFAO....
https://www.realclearpolicy.com/art...g_real_wages_for_american_workers_893930.html
This week marks the two-year anniversary of declining real wages for ordinary American workers due to ongoing high inflation. The latest consumer price index, released this week, shows prices grew 20% faster than wages over the last 12 months.
This sad anniversary is the result of President Biden and Congressional Democrats' reckless spending that has diluted the value of the currency already in existence.
The two-year decline in living standards for ordinary Americans proves once and for all that Democrats are America's anti-worker party. Their easy fiscal and monetary policy, known as Modern Monetary Theory, has been wholly discredited by this prolonged erosion of the dollar's value and workers' quality of life.
Yet still, they demand more massive deficit spending that would put upward pressure on prices. For instance, Biden's recently announced budget would raise the deficit from $1.4 billion in 2022 to $1.6 trillion in 2023 and $1.8 trillion in 2024. The total deficit would increase by $17 trillion over ten years – more than the entire national debt held by the public before Covid-19.
Democrats refuse to negotiate any spending cuts in return for raising the debt ceiling, accepting the dangerous status quo of around $1 trillion wasted in debt interest payments each year.
https://www.realclearpolicy.com/art...g_real_wages_for_american_workers_893930.html
This week marks the two-year anniversary of declining real wages for ordinary American workers due to ongoing high inflation. The latest consumer price index, released this week, shows prices grew 20% faster than wages over the last 12 months.
This sad anniversary is the result of President Biden and Congressional Democrats' reckless spending that has diluted the value of the currency already in existence.
The two-year decline in living standards for ordinary Americans proves once and for all that Democrats are America's anti-worker party. Their easy fiscal and monetary policy, known as Modern Monetary Theory, has been wholly discredited by this prolonged erosion of the dollar's value and workers' quality of life.
Yet still, they demand more massive deficit spending that would put upward pressure on prices. For instance, Biden's recently announced budget would raise the deficit from $1.4 billion in 2022 to $1.6 trillion in 2023 and $1.8 trillion in 2024. The total deficit would increase by $17 trillion over ten years – more than the entire national debt held by the public before Covid-19.
Democrats refuse to negotiate any spending cuts in return for raising the debt ceiling, accepting the dangerous status quo of around $1 trillion wasted in debt interest payments each year.
