Biden says K-12 education isn't working — calls for free pre-K to "grade 14"

[Professor Emeritus]

But that hasn't been the case in the past 10-15 years. Wages have not kept up with inflation and people are getting by tapping into more debt. Outside of falling purchasing power (the dollar isn't stretching as it used to), there is still the issue of rising government debt which will get much more expensive once the Fed raises rates (they will do it eventually, especially as inflation starts to pick up). Once that happens the government will have to raise taxes which becomes a double whammy for the populace (high inflation/falling purchasing power and increased taxes).

The government has a mandate to ensure its citizens have the opportunity to pursue a better life, but there has to be a measure of sustainability with spending. If it's increasing Corp taxes or cutting the defense budget in part to fund it I think that's good. But the lasagna approach of layering is irresponsible. The bill will come due and when it does, it's the citizens that will suffer.

You're trying to take a specific situation (inflation caused by government spending focused on job creation and improving the lives of the people) and apply it to a completely unrelated situation. Wage stagnation is a 40-years-and-running issue created by policies pushed by the same wealthy people who are pushing the austerity and anti-inflation agenda that you're co-signing. In fact, our periods of recession have exacerbated that wage stagnation the most. By your logic, the middle class would have been better off if the government didn't print stimulus checks and extend unemployment, which is ridiculous.

Like I said, look at who is pushing your austerity agenda. That should be all you need to tell you who really benefits. In fact, look also at the people who are pushing your "But we can't do government spending because inflation hurts the common man!" claims. You'll find that those arguments are not sourced from the people who typically give a shyt about the common man.

 

[A Pimp Named Slickback]

Ill make this real simple. What exactly is the end game and who is this supposed to help?

The BIG problem with this forum is too many people arent being honest with themselves. I wouldnt expect someone who votes democrats and subscribes to bullshyt ideology to understand my message.

I can never understand anybody who is loyal to a side just to be loyal. Thats dumb. Folks ready to say this is a great idea without knowing whats the plan.

Its REAL sad how folks are quick to bring up republicans and Trumps name up to deflect having to explain Bidens failures which are piling up.

.

Trump supporters in here fuming

But this is why i dont get why people are caping so hard for Biden or anybody whos democrat or republican to the point where they refuse to give feedback or say "this aint it".

Wait I mean bothsiders

 

[phcitywarrior]

You're trying to take a specific situation (inflation caused by government spending focused on job creation and improving the lives of the people) and apply it to a completely unrelated situation....

Increased inflation is increased inflation breh. Whether the money is being printed to better people's lives or not. That inflation and the subsequent falling purchasing power hurts the common man. A widening federal budget deficit makes America more precarious as once interest goes up then very likely so will taxes. All the other stuff you're saying about who makes the argument or whatever is moot to the central point I'm making concerning the tight rope the US is running with deficit spending.

The bill will come due and when it does, the common man will suffer

The stimulus checks were necessary considering the circumstances.

 

[BigMoneyGrip]

Be in the 14th grade brehs

Technically that’s year 2 of college

 

[Professor Emeritus]

Increased inflation is increased inflation breh.

No, it's not.

You can't just sit there and claim, "because wages stagnated under one period due to a set of particular circumstances, they will always stagnate." Economics doesn't work that way. Tell me how much the common man was hurt by New Deal or Great Society spending, eh?

That inflation and the subsequent falling purchasing power hurts the common man. A widening federal budget deficit makes America more precarious as once interest goes up then very likely so will taxes. All the other stuff you're saying about who makes the argument or whatever is moot to the central point I'm making

It's not tho. You're claiming that inflation hurts the common man and advantages the rich while just completely ignoring that's is the rich who sold you that argument and the rich who are pushing anti-inflationary measures the hardest.


Inflation can hurt the common man, when they're hit with price increases without offsetting benefits. But when the cause of the inflation is literally just an increase in the money supply driven by an increase in pay and services to middle class and poor people, then of course they're gonna benefit from that much more than the rich do. Which is why the rich are the ones posting the strongest opposition.