Have you ever noticed that every time we have an inflationary period, such as just happened with the Biden Administration, our elected representatives spend all their time trying to raise wages to meet the new higher prices, as opposed to lowering prices back to where they were before?
I know, I know. Long sentence. But it clearly states the reason for this blog posting. Although I identify as a Black, gay and transgender San Franciscan, awaiting my reparations payment, I further identify as a straight, White male. And the Left has taught us that identifying is all that counts, right? However, I also sport a degree in Economics, enabling me to pontificate with unusual authority on the subject of today's rant.
I normally don't need to know anything about the subjects I preach. But in this case, I actually do. So if you're in a hurry, go ahead and wink off. You've already got the gist of this little spleen venting. But if you're got a few more minutes, please allow me to continue blathering...
Millions and millions of pensioners and retirees and those relying solely on Social Security benefits are now stuck with sky-high prices visited upon us by the Democrats. Our Congressweenies bleat about their efforts to raise wages to meet the new prices. The $15.00 cheeseburger that was $7.00 four years ago. The average price of a new car is...ready for it?...$50,332. Almost exactly double the price of just 8 years ago. The $700 car payment is now the average. That was your rent payment 4 years ago! Is that inflation? Yes, Fellow Patriots, it is.
I'd like you to think about the moving walkway at Los Angeles International Airport. The one that takes you from the ticket counter to the gates, and back from the gates to the baggage claim. It runs at exactly 8 miles per hour. Much faster than the poor schlubs dragging their baggage alongside you as you roll along, standing still. But if and when you step off, you're immediately left behind.
That's also true if and when you retire. You're immediately left behind. You can no longer expect raises in income to offset continually increasing prices. You're stuck with whatever you had, while others will receive wage bumps to stay even or ahead of inflation. Like stairsteps that only go up, never down.
What is someone who's trying to live on yesterday's money supposed to do in today's economic climate? Their money is now worth 21% less than when Joe O'Biden took office. And overspent us by more than $9 Trillion dollars during his 4 disasterous years. Even though our Treasury took in $4.3 Trillion Dollars in tax revenues in 2023, an all-time record, Biden spent $6.4 Trillion that same year. Remember, the definitiion of inflation is "Too many dollars chasing too few goods." The Gubmint is competing with its own citizens as they both buy food, and clothing, and gas, and automobiles. Resulting in ever-higher prices.
Remember, the Gubmint can print money. You can't.
Not all our elderly are capable of getting a job to supplement their withering income. Many are infirm. Not all can be a Wal-Mart greeter, especially if they cannot walk. But the reality is they're screwed by their own Gubment. A Gubment that forgets them while pandering to the unions with mandated wage hikes.
My first job sweeping out a store after school and on weekends paid me $0.75 cents an hour. Today? Our BoyGuv ("Hairgod") Newsom jacked up the pay for those who ask, "Would you like fries with that?," to $20.00 an hour. Even though the Federal MinWage is only $7.62. That caused the price of a Big Mac meal to increase to more than $13.00 in most states. Your money's worth less, and it buys less. How do those who are living on fixed incomes supposed to pay for those increases?
There are 58 million retired citizens in America. Wouldn't you think a smart politician would start sponsoring legislation to help lower prices instead of increasing wages?
I'm pissed. Pay attention, legislators! Start trying to restore the buying power of your retired constituents! Remember, they vote!