The next question to be answered is 'how accurate is the Bureau of Labor Statistics', or
is this a true number (?), or is the rate minimized so as to not notify the public of a crisis ?
IMO, trust absolutely nothing coming out of Biden’s Marxist dictatorship.
TRANSITORY - This is for sure an attempt to minimize. Unless policies change drastically, this ain’t gonna be transitory.
It looks like deliberate economic destruction to me.
“The next question to be answered is ‘how accurate is the Bureau of Labor Statistics’, or
is this a true number (?), or is the rate minimized so as to not notify the public of a crisis ?”
Congress has indexed a lot of substantial payments to the inflation rate. The stated intent was so that social benefits, like social security, and others, would not become irrelevant. However, this assumed that government was frugal and kept inflation under control. They have not. Thus they have been fudging the numbers since the beginning. If they didn’t do that, then they would have created economic positive feedback. Inflation goes up, driving up payments, further driving up inflation, further driving up payments, until the economy collapses.
On top of this, the government has been writing itself infinite loans at zero interest. But at some point the interest must rise. Economists predict that when interest rates get to a very reasonable four percent, then every dollar collected in taxes must go to servicing government debt.
If this sounds like we’re bent over in the receiving position, it’s because we are.
I don’t know the answer, but you raise the biggest problem we have right now.
May people do not trust anything they are told by government or the media anymore for good reason. It is very difficult to have an honest conversation or dialogue about something when one side or the other does not trust the basic “facts.”
The media was reflexively against Trump on everything with little thought to the underlying facts or even an honest assessment of the effectiveness of the policy. Biden went into office and began blanket EO’s to overturn the Trump policies with no thought as to the effect of the reversal or an honest assessment of the benefit of the action. It was “Trump” and therefore it was bad.
Trump’s policies were good and many of them were effectively making life better for Americans. There are only two possible conclusions - they deliberately want to crash the country or they are so blinded by hatred of Trump that they want to erase him.
Perhaps it is both, but I tend to believe it is more the hatred than deliberate. The left loves power above all and I think they now realize they are going to lose significant power next November.
Do you really have to ask?...lol...The Marxists are in charge! They may have stolen an election..but no way would they ever try to “fix” the Bureau of Labor Statistics’...../s