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Oil Prices, Inflation, Increase Taxes, More IRS Agents

gator1776

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Jan 19, 2011
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Oil prices are up 60% since February. Inflation is climbing at over 5% per year. If the Democrat spinning package goes through, we will have spent $12 trillion since August 2020 above our annual budget in one year. Even somebody with a simplistic understanding of economics knows that’s going to drive inflation even higher. And inside those bills, the spending bills, our tax increases that will affect every American family or individual making more than $40,000 a year. Last time I checked that’s not the top 1%. And in case you think you’re not gonna pay your taxes, they also want to massively increase the funding and number of IRS agents to go after small businesses including small banks.

And in case somebody says they don’t remember another time in American history that was this bad and the potential destruction of our economy, go back to Jimmy Carter in the late 70s because it’s almost identical to what they did back then. When Carter left office inflation was out of control, interest rates were upwards of 20% for home loans, people were taxed at 60 to 70% of their income if not higher, in the economy was in shambles as everybody stood in long lines to get gas and other things that were rationed due to inflation.

What saved us back then, Ronald Reagan. Was going to save us this time, will it be Trump, DeSantis, God I hope it’s somebody good.

Oh and don’t forget to get your vaccine.
 
I think there is a thread for covid/vaccines.

🦩 🚨

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Oil prices are up 60% since February. Inflation is climbing at over 5% per year. If the Democrat spinning package goes through, we will have spent $12 trillion since August 2020 above our annual budget in one year. Even somebody with a simplistic understanding of economics knows that’s going to drive inflation even higher. And inside those bills, the spending bills, our tax increases that will affect every American family or individual making more than $40,000 a year. Last time I checked that’s not the top 1%. And in case you think you’re not gonna pay your taxes, they also want to massively increase the funding and number of IRS agents to go after small businesses including small banks.

And in case somebody says they don’t remember another time in American history that was this bad and the potential destruction of our economy, go back to Jimmy Carter in the late 70s because it’s almost identical to what they did back then. When Carter left office inflation was out of control, interest rates were upwards of 20% for home loans, people were taxed at 60 to 70% of their income if not higher, in the economy was in shambles as everybody stood in long lines to get gas and other things that were rationed due to inflation.

What saved us back then, Ronald Reagan. Was going to save us this time, will it be Trump, DeSantis, God I hope it’s somebody good.

Oh and don’t forget to get your vaccine.
Beijing Biden promised this in Democrat debates. And there were 81 million of us stupid enough to vote for this? Not likely.

Hasn't one here told us we have a roaring economy? NavigatorII has tried to explain simple economics 101 using small words. And gator1776 thinks he might make and impact? Most of us are well aware of the White House disaster.
 
Beijing Biden promised this in Democrat debates. And there were 81 million of us stupid enough to vote for this? Not likely.

Hasn't one here told us we have a roaring economy? NavigatorII has tried to explain simple economics 101 using small words. And gator1776 thinks he might make and impact? Most of us are well aware of the White House disaster.
I know I’m stating the obvious in here, but still felt like stating it :)
 
“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse doe to loose fiscal policy, which is always followed by a dictatorship.”

We are creeping up on stage 9.
tytler-evolution-jpg.437902
 
“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse doe to loose fiscal policy, which is always followed by a dictatorship.”

We are creeping up on stage 9.
tytler-evolution-jpg.437902
I know, historically it’s always been true. That’s what I’m afraid up as well.
 
Beijing Biden promised this in Democrat debates. And there were 81 million of us stupid enough to vote for this? Not likely.
Hasn't one here told us we have a roaring economy? NavigatorII has tried to explain simple economics 101 using small words. And gator1776 thinks he might make and impact? Most of us are well aware of the White House disaster.
Small words indeed. With an audience like BSC and SoDullNull, you do what you gotta do.
economics_for_dummies_1628830008_7fc64a80_progressive.jpg
 
Jerks and adolescent girls loved it,,, I never watched it by once, nearly gagged, then moved on.

Come to think of it, there's very little that's ever come out of Mi-Am-I that I've cared for.
(The Cuban Comet being an exception, at least on the football field anyway)
 
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