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My theory is they all think money is still the same value as it was in the mid 70's.
uhhh of course I know how much a bag of bread costs! It's still 50 cents down at the bakery. Can't understand why these young people are throwing away $25 per week renting when they could buy a house though!
Yup. They think if you adjust for inflation, it's the same.
actually if you read David Graeber they're the same amount of made up
Wait til he hears about the 8 trillion handout to corporations in the cares act.
The [gov spending money on anything] will collapse the value of the American dollar and explode the national debt causing an economic collapse. This is the republican dad who thinks he understands economics bread and butter.
A healthy economy is one where everyone locks themselves in their homes and shoots anything that moves.
Read through an I think r/politics thread and who I must guess were blue no matter who voters were saying that actually with all the beefed up unemployment, actually the 1400 dollars- which is 2000- is kind of unnecessary since we're all getting the money we need :agony-yehaw: looking for a definition of out of touch currently
It's a drop in the bucket. Something like 25% of all circulating USD , ~10 + trillion , was printed in the past year and tossed directly into the stock market to prop it back up. That was the so called V shaped recovery.
Under Bush, we called it the Jobless Recovery. I wonder what we'll call it under Biden.
Boomers shouldn't get to complain about the debt they created.
How is it debt when we the government is handing money to its own citizens? We're not taking out an IMF loan or anything.
We have to pay the debt back by paying taxes. The taxes come from me, the taxpayer. I don't want to pay more taxes. Ergo, the government giving money out is bad. I don't want to pay taxes. I will never pay taxes. Paying taxes violates the Constitution. You cannot take my money. It is mine.
