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@Vegasgiants
Neither is corruption from DC.
Trump urges GOP to let catastrophic debt default happen if Dems don’t accept cuts
Posts
Total:
346
How many times is Vegasgiants going to say "inflation is going down" without anyone calling him or her out on it? That is false. It isn't, it hasn't for generations.
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@ADreamOfLiberty
It quite clearly is going down from its previous high
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@Vegasgiants
he wants you to use the word "rate"
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@Greyparrot
Use any word you like. The number used to measure inflation is coming down from its previous high
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@Vegasgiants
There is noise in any data set, but Greyparrot seems to be correct about your misunderstanding. Did you ever take calculus Vegasgiants?
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@ADreamOfLiberty
Inflation is falling. That is a fact. It goes up and down but currently it is falling
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@Vegasgiants
Source?
https://ycharts.com/indicators/us_inflation_rate says it's rising and has been since 2019. (that's just the chart, it's been rising a lot longer than that)
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@ADreamOfLiberty
Inflation peaked at 9.1 % in June 2022 and has been coming down since.
The average annual inflation rate for 2022 was 6.5%
Your own source shows the same numbers as my source.
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@ADreamOfLiberty
And now it is going down
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@Vegasgiants
Inflation often acts like that. It goes up, then down, then up again. You will not often see inflation to be constantly increasing.
However, it is higher now than it was from 2000 to 2020. This is a sign of concern. The sudden increase in inflation rate in 2021 could be a sign of incoming greater recession.
US economy, if we look at inflation rates from 1950-today, did have 2 great recessions by the standard of inflation. They all started like this one, with a sudden rise in inflation.
Some could say that this one was caused by Covid. However, Covid is mostly over.
Then they might say: well, a war with Russia caused further inflation.
What we know for sure is that unless Biden brings inflation down to what it was before him, he is probably not going to win the next elections.
And if they cant borrow more debt, then USA and Biden are in big trouble. Choosing which one to stop paying for: social security, healthcare or military - thats a painful choice.
Thats why debt either must increase forever until inflation starts increasing again and crushes economy, either USA needs to stop borrowing and manage the budget so that some services need to be shut down.
This is indeed hard for USA, since there is no 3rd choice. There are only 2 choices and both are bad.
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@Vegasgiants
Inflation is falling. That is a fact. It goes up and down but currently it is falling
The way you talk about inflation, you make it sound equivalent to prices, as though costs go up and down. Inflation is a rate of increase. Even if the rate of increase is dropping, prices are still increasing. Even if prices are not increasing quickly or increasing at all, they can still be painfully high.
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@cristo71
Yes I am talking about the inflation rate. It goes up and down in every country on earth. Now it is going in the down direction
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@Best.Korea
The debt limit will be increased and inflation will be down to 2% by election time
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@Vegasgiants
I would try to explain delayed decoupling between causal relationships but it's pretty clear that you and IwantRooseveltagain aren't even close to the math level to deal with that concept.
I'll explain your error and if you show understanding I'll do more.
Inflation, I = the factor between the new dollar amount and the previous dollar amount caused by expansion of the money supply.
If an apple costs 80 cents now and 2 cents in 1923 (assuming getting apples is no more difficult) then inflation = 80/2 = 40.
For inflation to go down to 1923 levels would mean that apples are once again 2 cents.
Rate = how fast something is changing with respect to something else. In most cases the implied other variable is time. The flow rate of a pipe is the change in fluid volume per unit time.
The inflation rate is how quickly inflation is changing with time, dI/dt.
If you are filling a bathtub and you turn down the faucet you are decreasing the flow rate, however as long as water is coming out of the faucet the flow rate is positive. The amount of water in the tub is still increasing. dWater/dt > 0. If it equaled zero that would mean the amount of water is not changing. If it was less than zero that would mean the amount of water is decreasing.
I gave you a link showing the rate of inflation. Since the rate was not less than zero (a negative number) at any point I know inflation has not decreased at any point.
All of your statements to the effect of "inflation is reducing" are false, and you don't even seem to be aware of it despite the very direct clue Greyparrot gave.
You might try to claim that you meant "inflation rate" but even if you did (which I doubt) that would destroy your original claim that inflation cannot be caused by debt.
Debt is always increasing and so is inflation. Is the rate of debt increase proportional to the rate of inflation increase? If debt causes inflation they must be on average but not over any specific period.
What you have claimed is that car speed can't cause wind in your face because acceleration is going down. Yet acceleration can be zero, and if your current speed is 80 kph there will be wind and it will be caused by your constant velocity.
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@ADreamOfLiberty
The rate of inflation is currently decreasing and the rate of inflation is not tied to debt
I can't make that simpler for you
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@Vegasgiants
The rate of inflation is currently decreasing and the rate of inflation is not tied to debt
and who said the rate of inflation is tied to debt? It's inflation that is tied to debt, by an obvious and public mechanism.
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@ADreamOfLiberty
Increasing the debt is not correlated with rising inflation rate
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@ILikePie5
The ball is the Dems’ court. House GOP passed a bill. The Senate and Biden haven’t lifted a finger
It was pretty funny that they thought they’d get away with just not negotiating. The opposition party won the House, you can’t just pretend that didn’t happen! You need them to vote up any bill you want to sign
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@thett3
It’s no problem. Biden will just direct the Treasury Secretary to stop sending Social Security checks to red states. Problem solved.
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@ADreamOfLiberty
For inflation to go down to 1923 levels would mean that apples are once again 2 cents.
Assuming wages also went down to 1923 levels.
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@cristo71
Inflation is a rate of increase.
of prices of goods and services
During this period of inflation since 2021, eggs have gone from $3 a dozen to say $6 a dozen. That represents 100% inflation or a doubling of the price.
But we did not have 100% inflation in this country. As inflation subsides from 9% a month to 2% a year (normal inflation) the price of eggs will come down due to the forces of supply and demand. I guarantee eggs will not remain at $6 a dozen even though the inflation rate overall will not reverse to deflation.
It’s no problem. Biden will just direct the Treasury Secretary to stop sending Social Security checks to red states. Problem solved.
And Red States will stop allowing IRS agents into their States. Win/Win
And Red States will stop allowing IRS agents into their States. Win/Win
Ya dummy, that’s how taxes are collected, a guy goes door to door taking money from the peasants.
Do you think corporations are going to stop taking taxes out of their workers pay checks? Besides, Most of the red state workers don’t pay federal income taxes because they don’t earn enough. You for example.
a guy goes door to door taking money from the peasants.
Well Biden didn't hire 87k new IRS agents to play Flappy Bird in DC all day...
Well Biden didn't hire 87k new IRS agents to play Flappy Bird in DC all day...
That hasn’t happened yet and when they are hired they will be processing paperwork not going door to door you dummy.
No work today I see. This is why you don’t pay federal income taxes. Because you have a teeny tiny paycheck.
“The 87,000 figure comes from a 2021 Treasury report that estimated the IRS could hire 86,852 full-time employees over the course of a decade with a nearly $80 billion investment – and not solely enforcement agents. And all those new employees can’t be hired overnight. The money will flow to the IRS over a 10-year period”
as usual the facts are not on your side. This is why you will never be more than a substitute teacher
IRS agents have the authority to visit people's homes or places of business in certain circumstances. They may conduct on-site visits as part of their duties to ensure tax compliance, investigate potential fraud or other irregularities, or collect unpaid taxes. However, it's important to note that the IRS typically follows specific procedures and guidelines when conducting these visits, and they must adhere to legal requirements and taxpayer rights. During such visits, IRS agents may request to review records, ask questions related to tax filings or financial matters, and assess the taxpayer's compliance with tax laws. Generally, the IRS will initiate contact through mail or phone calls before scheduling an in-person visit. It's advisable to cooperate with IRS agents and provide the requested information or documentation when a visit occurs.
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@IwantRooseveltagain
Eggs are a unique product because of an avian flu shock.
You are cherry picking here.
Thanks to me you have now educated yourself. You went to the IRS website instead of YouTube bloggers for information. I am having an influence on you!
And you have learned that the IRS going to a taxpayers home or business is extremely rare and follows specific guidelines and procedures.
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@Vegasgiants
Yes I am talking about the inflation rate. It goes up and down in every country on earth. Now it is going in the down direction
Or, in other words, prices continue to increase albeit at a diminishing rate of increase from an alarmingly high rate of increase.