Reply to U.S. Annual Inflation rose to 6.8% in November

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The problem is with far too much spending than the country can afford. Spending far beyond what any taxation could possibly pay for

Whichever party is more responsible for spending too much is the one to blame for inflation. [/quote]

Hello, GOP, who passed an unfunded multi-trillion dollar tax cut that exploded the debt and deficit spending when it wasn't needed.[/quote]

Tax revenues are higher every year.

Spending needs to go lower every year to match.

Tax revenues go up.

Spending never goes down.

It’s a spending problem.[/quote]

it's a speding and taxing problem and a  taxing problem mostly. GOP is hard core tax cutting, but cut spending only on programs that their $$$$$ donors could not care less (education, healthcare, medicare-medicaid and so on). every GOP presidency in the past decades saw huge tax cuts to high earners and same or increase spending on defense, support for oil and so on.  see Bush who passed a tax cut and started two wars at the same time putting them on credit. similarly, Trump passed gigantic tax cuts for super rich, while giving the defense department even more than it requested but cutting foreign aid that is a negligible part of the budget but help the US keep its clout and influence.

if the tax cuts passed by the GOP were even just partially reversed, we would be in better shape. we are becoming one of those third world countries where rich people live in gated communities and send their kids to private schools and use private hospitals, and everybody else live in poverty. that's usually the recipe to eventually get a Venezuela - style revolution. [/quote]

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