| * Food and beverage prices increased an average of 5.6% * Cereal and bakery prices jumped 11.5% * Sugar and sweets prices, up 11.8% * Cooking oils, up 11.6%
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Wait..Senior citizens were told there was no inflation so with the increase cost in medicare they would get less money this year
Just wait till spring, when the creeping vines of economic stupidity begin to climb.
Try this on for size-—University of California system up 32% in 2010!! Yes, 32% jump in ONE YEAR!
Guess who runs the universities and the State of CA?
Those of us just a few years away from retirement are so screwed. 40 years of careful planning, scrimping and saving all blown to hell.
The continued erosion of the dollar is the erosion of our standard of living. For a worker to make the same spending power as a person making about 2.50 an hour in 1964 they would need to make between 60-80 thousand depending on the items being examined. It continues despite any government figures to the contrary, because the morons keep creating more unsupported money.
Astonishing? Hardly. This was guaranteed to happen.
Scary? I get up every day wondering how we are going to survive.
IMO, since I do all of the shopping in my house, the food numbers he quoted understate the increases.
The price of nearly every grocery item jumped last year by significant amounts. We used to spend around $120 a week on groceries, now it’s $150 for the same stuff. And that’s at Wally World where they USED to keep prices low.
Obama and the democrats trying to reinstate the misery that we got rid of when Carter was thrown out of office almost 30 years ago. I am old enough to remember the Carter years and how bad they were. With zero, he will make Carter look like a picnic in the park.
Sigh!
I’m going to have to start researching how to succeed at a basic garden aren’t I?
I am a notorious killer of plants.
One way to combat it is to read FR’s nw_arizona_granny’s...Living On Nothing...(Survival Edition)...here...
http://www.freerepublic.com/focus/f-chat/2299939/posts
Thanks to the fabulous posters at granny’s thread.
bttt
Stagflation.
We’re not getting inflation; we’re getting deflation. Falling home prices. A collapsing commercial real-estate market. Rising unemployment. 77 Million Baby Boomers hitting retirement age circa 2007 to 2025. Falling payrolls.
We’re copying Japan’s 1989 to 2009 path, 20 years later. Hint: Japan owes more than the U.S.
| * Food and beverage prices increased an average of 5.6% * Cereal and bakery prices jumped 11.5% * Sugar and sweets prices, up 11.8% * Cooking oils, up 11.6%
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Here's an idea: let's burn even more of our corn crop as fuel. Who needs high-fructose corn syrup? Who needs cooking oil? Besides, after we mandate that people burn ever more corn in their cars, we can call the result "inflation" instead of "stupid policy."