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In Reply to: RE: Is this a catastrophe? posted by pictureguy on May 20, 2023 at 12:02:53:
I'd argue that they already are...
Key word: 'near'.
And it has little to do with debt or inflation but the continuing shift of wealth from the middle to the top (the bottom has nothing left to 'shift').
As the chart above shows, starting somewhere near the end of the Clinton presidency, the national debt has grown by leaps and bounds.
And yet during ALL of that time, 20 odd years, inflation has remained near nonexistent(3% on average?). In fact, that's been pretty much the case since the end of the 80's?
The direct link of national debt to inflation seems a weak one.
First they came for the dumb-asses
And I did not speak out
Because I was not a dumb-ass
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Follow Ups
- RE: "the average US citizen will be in near-poverty status before the end of this century" - Ivan303 12:28:44 05/20/23 (7)
- RE: "the average US citizen will be in near-poverty status before the end of this century" - tomservo 05:28:51 05/21/23 (3)
- It's still an extreme right facist explanation - Uncle Mike 11:50:53 05/21/23 (2)
- RE: It's still an extreme right facist explanation - Rod M 18:13:22 05/23/23 (0)
- RE: It's still an extreme right facist explanation - pictureguy 22:25:41 05/22/23 (0)
- RE: "the average US citizen will be in near-poverty status before the end of this century" - pictureguy 15:35:13 05/20/23 (2)
- RE: "the average US citizen will be in near-poverty status before the end of this century" - Uncle Mike 16:10:05 05/20/23 (1)
- RE: "the average US citizen will be in near-poverty status before the end of this century" - pictureguy 13:01:47 05/26/23 (0)