|
The democrats want to cause inflation. It's a hidden policy with MMT. They want to inflate out of some of their debts and obligations.
Take a defined benefit pension.
I worked at Citibank for a few years. I have a very small pension. If I started collecting it this year it would $600 per month. That amount does not change like Social Security just because there's inflation. It's going to remain at $600. Long term, it will become easier and easier for Citibank to pay me my pension and my pension will be worth less and less in purchasing power. For example, years back $600 could cover my maintenance bill. Now it's nowhere near enough.
Now think about all the blue city and state union jobs. Then the Federal jobs with pensions. Most of those people are going to get their money, but the value will be inflated away and easier for cities, states, and the Fed government to pay. They are basically stealing people's pensions through the back door of inflation. They'll blame greedy corporations, Russia, Covid and all other sorts of other lies when it's their own spending and money printing.
__________________
"Unlearning is the highest form of learning"
Last edited by classhandicapper; 11-01-2022 at 10:18 AM.
|
