The headline of this article is not a misprint. The reason why “affordability” has become the number one issue for U.S. voters is because most of the population is being absolutely crushed by the rising cost of living. Just look at how much you are paying for electricity compared to five years ago. And just look at how much you are paying for food compared to five years ago. Housing costs have risen to absurd heights, property taxes have become absolutely insane in many areas of the country, and health insurance premiums have more than doubled for millions of Americans. It isn’t just a coincidence that so many people are bitterly complaining about the cost of living these days. The truth is that most of the country is experiencing very real pain.
Of course it isn’t an accident that this has happened. Our politicians have borrowed and spent 28 trillion dollars that we did not have since Barack Obama first entered the White House in January 2009, and I warned that all of this money would create rampant inflation.
On top of that, the Federal Reserve has pumped trillions of dollars that were created out of thin air into the financial system since 2008. That has helped the stock market hit record highs, but it has been one of the factors that has made the cost of living unbearable for the rest of us.
The very foolish decisions that our leaders have been making have had dramatic consequences.
I hate thinking this, but I’m worried that this country has peaked and we are on a slow downward spiral, and there’s plenty of blame to spread around.
What other choice do we have other than to cut back?
Too many would say to steal.