Truly, that's his plan - he said this 2 hours ago

Do you not know how inflation works? In economics, inflation (or less frequently, price inflation) is a general rise in the price level of an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy. 
When Biden pushes these trillion dollar bills, he's inadvertently making the price of the dollar go down, making the purchasing power of the current currency lower. As demand for these products rise, so do the costs. With trickle down economics, when the cost of raw materials goes up, so does everything else. And in the end, prices WILL NOT GO BACK DOWN unless there is a major abundance of raw materials that the owners of said materials deem it necessary to reduce the price. No "spending package" will make inflation go down because the market will not have an abundance of goods to cause a deflation.

Still have not provided Dirty_Harry Biden's spending plan you initially brought to the conversation. ROFL, precious, way to get triggered. If you can't debate, put your feelings under control, and stay quiet. Best advise anyone can give you here.

Okay, so you ain't got nothing if you can't back your claims. A waste of time. I do not have a grandson, I am not that old yet. Gonna be a while for that, but nice assumption.

His spending plan should be less spending. What they want is essentially the green new deal, but they don't call it that. They want to continue spending more money, which they believe will get us back on track. There's just one problem with that. You can't spend your way out of debt. It doesn't work that way. Basic economics.

Ummm, ok ... Not really sure what that has to do with over spending. Also not sure why you posted your comment three times.

Regardless of what I voted for (I didn't vote for Biden), you still can't spend your way out of debt. Biden and "his" administration have spent more of our money than any other president in history. And they're trying to spend trillions (that's TRILLIONS) more. It's sad you think that's okay.

The Bushes had a war they started which costs money. Didn't like them and still don't like them. I don't like massive spending if that spending is frivolous, as is with the current administration. But we could argue that all day long, I'm guessing.

Bush Sr had Iraq for a couple of weeks and Panama for a weekend.

Jr had Afganistan and Iraq which lasted a couple of decades and counting.

Obama inherited both those wars plus TARP, at one trillion apiece, and drone striked key Al Queda brass back to the hell from whence they came in various spots, oh, and bin Laden too whom W never quite got around to getting to because, um, reasons.

Clinton bombed Iraq when it came time to wag the dog and Somalia for a bit too, oh, and Bosnia, Serbia, and Kosovo while UN Peace Keepers sat by and took notes of the massacres and mass rapes.

Reagan invaded Grenada and destroyed its danger-to-our-national-security hospital,
and he blew up Qaddafi's palace, killing 2 rather lethal camels and supposedly an adopted child who apparently never was there anyways....

Not sure how the budgetting works out on all these but survey sez....

California, New York, Michigan, etc... And bail outs don't count.

Like I said, bail outs don't count.

https://www.wsj.com/articles/bidens-plans-to-spend-4-5-trillion-without-boosting-deficits-depend-on-factors-beyond-his-control-11619947801

You know what’s sad? You posted that picture with incorrect data. Obama increased the debt by over 71%.

If you had the slightest clue about economics you would be laughing at people who make comments like that.

The government CREATES inflation by spending money they don't have. It is spending and printing more dollars to cover that spending that is the direct cause of inflation.

If Biden wanted to stop inflation he would resign immediately and announce that Rand Paul, Mike Lee or Ted Cruz will replace him.

I'd take Ron Paul at this point - as old as he is, I'm sure he still knows how to be Dr. No.

Ron Paul would be awesome.

You have no clue how fiat currency - and the economy - works.

See how far your money spends this time next year

Biden’s performance exceeded worst case scenarios

Where does the money come from? We're already deficit spending, so the only place to get that kind of money is to borrow it from another nation, or to print it out of thin air - both cause inflation.

So, tell me, where is the money going to come from?

Allow me to elaborate.

Ha

Ha

Ha

Ha

Ha

The government has no money that they don't levy in taxes, borrow, or create (print)

We are already deficit spending (that means spending more than collected taxes).

So, of the two available options, where is the money coming from?

I never said that it was. I said that we're running on a deficit now - all the tax money is spent. The only other way to raise the money he wants to spend is to borrow or print.

I'm getting tired of typing the same things over and over. This is the third or fourth time. You have already proven that you have no idea how anything works.

Raising taxes doesn't take effect until next year....and there's no way to raise taxes enough

HAHAHAHAHAHAH!

Of the total 7.03 trillion in US debt held by foreign countries, Japan and Mainland China held the greatest portions. China held 1.1 trillion U.S. dollars in U.S. securities. Japan held 1.24 trillion U.S. dollars worth.

What do you think Securities are? They're an instrument others use as an investment, which the government has to pay back - it's a loan!

We owe Japan and China each over $1 trillion dollars already! That is, they have purchased securities as an investment. Our government spends that money (usually on frivolous bullshit), and after the term of the security expires - the purchaser can require the US government to return their investment.

You're painfully uninformed. Educate yourself, yo!

https://www.finra.org/investors/learn-to-invest/types-investments/bonds/types-of-bonds/us-treasury-securities

$$s. That's what they are.

They are not loans.
We don't borrows money from their banks.
They are an investment, a way to - wait for it - secure their own holdings, even, as in the case of China, to peg their currency to ours.

You can even argue that in a sense they are borrowing, because in effect they are borrowing from the value of the USD as opposed to the potentially plummeting value of their own or another's (the Japanese Yen was worth a US Dollar a century ago, now it's worth a Penny).

But hey, fella, you just keep pretending the Chair of the Fed is sitting in a bank in Bejing hitting up a loan officer for Yuans and that US$s are printed unbacked at will to spend when AOC sez so. *hugs*

Do some learning. People/businesses/countries invest in US Securities as a store of wealth - the government has to pay them back once the term has expired (and they demand payment)

If you have to pay it back - it's essentially a loan. In the case of US Securities - we also have to pay them interest - making it more (exactly) like a loan.

If you think getting other countries to give us money in exchange for paper that is redeemable in a decade isn't borrowing, then I suggest you get a new dictionary.

Fella, you're adopting what I and anti told you and trying to retroffit it to your ignorance.
I'm not even reading past the first half line you post.

This repetitious partisan hack drivel of yours begins to bore me a lot?

Now you're arguing both of my points. Fiat currencies are printed out of thin air......

https://www.investopedia.com/ask/answers/082515/who-decides-when-print-money-us.asp

I'm not arguing anything, just posting facts that just so happen to be contrary to your orginal uninformed bogus assertion:

"so the only place to get that kind of money is to borrow it from another nation, or to print it out of thin air"

I don't do links, no matter how fab you think they are after looking up what I posted and seeing how they deflated your ignorance back to the delightfully ignorant bubble of partisan hack flatulence from whence it came.

We done wasting me time?
Yeah, we done.

Wait - what? You just agreed with everything I said, and somehow you think that makes me wrong? I brought up US Securities as foreign loans, and printing money out of thin air - and somehow agreeing with me is proving me wrong?

What the hell is going on in your head?

shhhhhhhhh, go back to sleep, little one, shhhhhhhhh........

WhAt a gReAt rEbUtTaL!

Yeah, it was, wasn't it?