inflation reduction act to double size of IRS
 

and IRS is becoming militarized with over a million rounds of ammunition.


but no new taxes if you make less than $400K :lol::lol::lol:



the Biden economy has increased personal credit card debt by 13% in last year and most people need to work an extra month to get what they had 2 years ago.

https://www.lendingtree.com/credit-c...bt-statistics/

Credit card balances are up only because they were so low during Covid. They are down about 60-70B from 2019.

The important statistic is delinquencies.

From the Lending Tree link.

According to the most recent delinquency data from the Fed, the 30-day delinquency rate (or the number of folks who are currently at least 30 days late with their credit card payment) rose from 1.63% to 1.73% in the first quarter of 2022.

That’s the third straight quarter of increases. However, delinquency rates are still near historic lows, staying below 2% for the fifth consecutive quarter. Before this streak, rates had never dropped below 2% since tracking began in 1991.

It’s a huge difference from what we saw during the Great Recession, during which delinquencies peaked at nearly 7% in 2009.

Credit card debt only matters if you can’t make your payments.

The leading cause of delinquencies is high credit card debt, the precursor.

This is another in a very long line of shortsighted posts.

Shortsighted, you are too kind. The guy would have to have an I.Q. of room temperature to think the statistics he posts would convince anyone with a brain to buy the crap he sells to put a positive spin on the state of this country under the Biden administration.

He was on my Twit List for a long time, but people were quoting him and I saw how much humor I was missing out on.

FOMO is real.

LOL

All I saw is that the inflation reduction act was spending a bunch of money on green energy things and throwing more money at Obamacare, how that reduces inflation is beyond me.

because all the spending comes in the first 3 years (unless programs extended) while the income generation comes over 10 years .....

But it does wonders for empty-headed talking points. The kind of stuff the Mosties of this world get ecstatic over. :coffee:

Exactly, boxcar. Just do Shit that you can talk about and Virtue-Signal. It doesn't matter that it doesn't actually help anybody. In fact...it is designed this way.

Expanding government to pay for harm reduction crack pipes. An audit in every pot, says Joe.


Lets go Brandon!!!

:D:D:D

It looks like it will raise taxes for petroleum companies as well. That will surely lower gasoline prices as they will admit defeat and sell at a loss until bankruptcy under the watchful eye of the demoncrats.

Al Qeda has done more good than the democrats.

I wonder what Chucky and crew offered Manchin to stab the US in the back..
Maybe he'll get to aquire one of those Russian Mega Yachats that we seized... you know for long term inspection and fact finding use.

Has to be really personally beneficial to him as his part time Senate day job is over... as he'll will no doubt retire instead of being fired by WV voters.

What do you think he got...? Or what do they have on him...?

Remember when Psaki said the White House feels passing on tax increase to consumers is an improper business practice.