US senators need to forgo the posh Capitol dining rooms and go food shopping in the shoes of ordinary Americans. Shoppers are panicking at the meat counter, where beef prices are up more than 20 percent. Nearly everything in the basket costs more.
Most pols are clueless about the pain inflation is causing.
Retirees are the biggest victims. Inflation is decimating them. With interest rates near zero, retirees are watching the purchasing power of the money they have in the bank literally shrink. They’re getting punished for their years of thrift, prudence and self-reliance.
For the 65-and-up crowd, it’s a double whammy — the brutal impact of COVID and then inflation. Three-quarters of Americans who died from COVID were in that age group. Now the survivors are getting whacked with price hikes on everything from home heating oil to groceries. In Maine, where my twin brother lives, fuel to heat homes is up by as much as 50 percent.
To understand the inflation spike, consider this amazing fact: One-fifth of all dollars in circulation have been created since February 2020. Congress spent excessively on COVID-related benefits using borrowed money, and the Federal Reserve purchased the debt created and flooded the nation with more dollars.
They should have rejected Social Security and kept and invested their own money. People that never made anything of themselves and worked shit jobs and paid into it thinking it was a retirement plan are well ON THE DOLE. Yet they think they are better off than Minorities and Immigrants and did not take advantage of opportunities and just thought the American Dream was an entitlement.
You are a sick individual.
Pensions & Social Security should be TAX FREE !!!!! We are TAXED to DEATH in AMERICA > NO BREAKS !!!!!!
Reparations for the White People in America !!!!
Taxes were ONLY meant for WW2 NOT Forever !!!!!
Oldest LIE ever !!! Rich pay the taxes make them pay more etc !!!!! RICH PAY ZERO > FACT All Legal
Middle class , Now the Poor Class pays ALL TAXES !!!!! FACT