What percentage do you think?aggrad02 said:
You mean "just as worse" as Obama and Bush W.
Everything else you said, I've already said. You just have a different opinion of Trumps part in.
And once again, price increases are not instantaneous with monetary increases. 3.9 Trillion in 2020 was going to and did cause inflation.
Of the 20% real inflation we have today, how much would prices have increased if the 2021 deficit was lower than GDP growth?
No one is arguing that it wasn't a contributing factor. But inflation today isn't something that Trump owns "lock stock and barrel".
How much inflation did we experience in 2019 from the deficits that Trump ran from 2016 to 2018?
What would inflation have been if we had a balanced budget during that time period?
Do you agree that COVID was a major contributing factor to the fiscal and monetary policies of governments worldwide in 2020? Would you agree that it was the 100% reason for the soaring deficits in 2020?
Quit painting Trump like he spent like a drunken sailor. He spent money like a coward that was afraid of the germy boogy man. It is intellectually dishonest not to factor COVID response into any analysis of today's inflation that blames past deficits.
"Laws that forbid the carrying of arms … disarm only those who are neither inclined nor determined to commit crimes… . Such laws make things worse for the assaulted and better for the assailants; they serve rather to encourage than to prevent homicides, for an unarmed man may be attacked with greater confidence than an armed man.”
--Thomas Jefferson
--Thomas Jefferson