Article

2022-06-12 Economy

Inflation costing Americans an extra $460 per month, analysis says

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2022-06-12 00:00|| || Front Page|| [3 views ] Top

#1

The average SSA retiree collects $1,553.68 +/-per month (2021).

With inflation said to be costing at $460 (29.60%) a month vs the official 8.5% ($132.06). Either way, it shows the LSD's hosed the handling of the economy during the pandemic.

The result was their wild "social agenda" spending for this and that, took $$$$$ out of retiree pockets.

Posted by NN2N1 2022-06-12 07:01|| 2022-06-12 07:01|| Front Page Top

#2 Inflation is just another tax. You can either reduce the value of people's income by direct taxation or you can reduce it by printing (or whatever the digital means are employed today) more currency without backing. If you raise taxes directly, the voters know exactly who to blame. Do it by debasing the currency, the pols can try to blame 'others'.

Posted by Procopius2k 2022-06-12 07:08|| 2022-06-12 07:08|| Front Page Top

21:53 Oil Derek
21:43 magpie
21:09 Not a cat
20:56 Ebbeger Speating6390
20:56 Frank G
20:32 trailing wife
19:32 Besoeker
19:28 magpie
19:28 Silentbrick
19:06 Super Hose
19:00 Thing From Snowy Mountain
19:00 Super Hose
18:50 Super Hose
18:36 Deacon Blues
18:35 M. Murcek
18:29 Rob Crawford
18:29 trailing wife
18:23 trailing wife
18:17 ed in texas
18:15 trailing wife
18:12 M. Murcek
18:12 Super Hose
18:12 M. Murcek
18:09 Super Hose