Monday, July 26, 2021

Dems: We Will Be Giving You More Money in January and You Should be Grateful!

 

Dems: We Will Be Giving You More Money in January and You Should be Grateful!


Al Ritter

I love it when the Liberal spin doctors paint a picture of relief for a problem that they created in the first place. AOL and the Yahoo finance people are making it sound like the government will be giving SS and SS disability a raise in benefits out of the goodness of their collective hearts.

Because the Social Security benefits are based on COLA the cost of living index because of the combination of crazy spending from the Biden administration, and the Quantitative Easing (aka printing money) by the Fed and the Treasury Department monthly payments may increase by 5.8% this January.

Here is a sobering fact. The Government printed $27 Billion a day in money in 2020……yes that is BILLION NOT Million! This is called Quantitative Easing and it only serves to devalue YOUR dollar and drive inflation up.

All this Covid relief, $10 Trillion (which very little actually went to that situation) has driven our spending to an unsustainable level. We may never fully recover from this insanity. Printing money isn’t the answer and neither is the shell game the Fed and the Treasury Department are playing with the Bond Market.

Leave it to the Democrats and their minions in the Media for painting a starry picture from a deplorable situation.

Read More Here:

https://www.aol.com/finance/social-security-benefits-could-biggest-211702772.html?soc_src=aolapp

https://demonocracy.info/infographics/usa/us_stimulus_package_10_trillion_2020/us_stimulus_package_10_trillion.html

https://www.facebook.com/DailyWire/videos/inflation-how-money-printing-president-biden-impact-your-wallet/196651752418858/

 

3 comments:

Anonymous said...

The Democrats are trying to spend their way out of a deficit! Makes no sense at all!

Bud S said...

I am grateful aren’t you?

republican patriot said...

I think the article pretty much explained how i feel Bud