– Janet Yellen Acknowledges: “Cost Of Living Is A Problem” For Consumers:
Americans are quickly realizing, by their empty wallets, that the leftists in the Biden administration are fueling the inflation storm with reckless government spending, amounting to $1 trillion every 100 days. No more blaming ‘Putin Price Hikes’ – Bidenomics has been one of the great policy mistakes in a generation, as working poor folks are crushed by persistently high inflation, forced to rack up insurmountable credit card debts and drain personal savings, all in a move to pay shelter costs, put food on the table, and service monthly auto payments.
Commenting on the inflation shitstorm is US Treasury Secretary Janet Yellen. She actually admitted that living costs are a “problem to a lot of people” following “substantial increases” in prices for goods.
In an interview with the Financial Times on Thursday, Yellen acknowledged that housing and everyday goods prices were still very high for many consumers despite solid wage growth in recent months.
Great observation, Janet. Let’s remind readers that negative real wage growth decimated tens of millions of working-poor consumers in the first few years of Biden’s first term.
***
“When a country embarks on deficit financing (Bush-Obama-Trump-Bidenomics) and inflationism (Quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich. “
– Ron Paul“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”
– Ron Paul
Mission accomplished…
* * *
PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP