Quote:
Originally Posted by Danth
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I was making that joke (sadly it's not a joke) to the wife a year ago or more: The government will get its $15/hr minimum wage, but by the time it does it'll be worth what $6/hour used to be worth. At this point that might be the better outcome. Their complete lack of even the semblance of financial discipline is a dangerous road that could easily lead to currency collapse.
Danth
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What's really troubling is the White House will release a congratulatory statement for themselves like, "Joe Biden's American Family Plan lifted 5 million children out of poverty" and people will celebrate it, but are too dumb to realize printing money and handing out checks to those families is going to markedly increase inflation and those 5 million children are going to be even poorer next year... UNLESS you print even more money the next year to hand out to those families which will inevitably cause more inflation and those same people will be even poorer the following year... UNLESS you print even more money the following year and keep going until the general public realizes our government has gotten themselves into one hell of a Ponzi scheme.