The comments of your detractors could be addressed but it would be so tiresome. As a fiscal conservative, social moderate and environment extreamist. I find you post “right on.” I am now a RINO because my party abandoned the part of their platform I supported.
Republicans are supporting their military industrial complex with our children’s money and the Democrats are supporting their social programs with our children’s money. The currently rich are basking in business and income tax cuts and barely taxed capital gains while the democrats are campaigning on hugely expensive social programs like M4A and Student Loan forgiveness and even free college. Not to mention the hugely expensive Yang Freedom Dividend.
Nobody sees that there is no free lunch. Yes, the government could print money but our children will pay for that with decades of higher inflation.
Yes, all this monetary stimulus is pushing up the stock market and keeping us out of the next recession. Some day the piper with have to be paid.
Actually the piper is already collecting his due from the workforce. Wage growth is sluggish, inflation is greater than the indexes indicate because the inflation indexes just like the employment indexes are skewed to show better values that are real. The indexes are tied to parameters that mattered more in the past and will matter less in the future. They do not get modified fast enough to be meaningful in the present.
This explains why people feel more pessimistic than you would expect considering the reported fundamentals. The numbers say things are great but the people don’t feel it.
Where I work we call this the pinch. The numbers look good but you still have a hard time sleeping at night. Something nags at you, it just does not feel right. You know that you can’t trust the numbers.
Can’t you feel this unrest. Only the elite are claiming everything is wonderful. The rank and file, left and right are protesting. The people are taking to the street to protest world wide.
We are deep in an economic expansion and we are cutting taxes and still providing monetary stimulus. The deficit is growing when we should have achieve a balanced budget. Instead of preparing for the next recession we are milking the current expansion for every penny the rich can pocket.
The borrowing the government is doing today in the good times is just a shadow of what they will have to borrow in the next recession. I can feel the big banks and too big to fail industries salivating for the bailouts in our near future. Bailouts that will require huge deficits because monetary stimulus will not be enough, we will need huge fiscal stimulus. Some where there are greedy suckers who are polishing their pitch decks for shovel ready project. It will probably be call the Green New Deal, Federal Job Guarantee and free college education. Why not, gen Z will need a gravy train. That is OK, gen’Z’s children can pay for it. Certainly after the next recession we will have learned our lesson.
TEK
