Richard Clifton
Forbes Breaking News
comments
Comments by "Richard Clifton" (@richardclifton4120) on "Massie Asks Raskin Point Blank: Did Recent Government Spending Have 'Any Effect On Inflation?'" video.
2
1
1
They (FEDS) are raising interest to cover an expense that they made themselves by loaning money to the Federal government, or in actuality themselves, and charging the expense to the taxpayer at a higher interest rate for Federal monies spent. The government, meaning us, has to pay that back with interest. See how that works?
The money would not have been needed if the government had kept their noses out of things and let businesses keep their doors open. They would get more back had they not diluted the economy with money that requires more tax dollars to repay because it has higher interest attached to it. Thus inflation is the result. Spending more is INFLATION, not the answer! See how that works?
We wouldn't have to catch up on anything if the government only spent what it takes in. Pandemic spending was unnecessary and some of the people getting it still didn't pay their rent with it, and to this day have not paid that rent back. How is that good for the economy? Trying to account for money that was distributed during the pandemic and not being used for that specific purpose is like trying to catch a bunch of pigs that broke out on a farm, you will never catch them all. You can try, but do you think the government can justify 87,000 new armed IRS agents to do this? More expenditures are not the answer, less government is. Think about that one.
1
1
1
1
1
1
1
1
1
1
1
1
1
1