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Elderly and Veteran Republicans and their kids would not be immune from a "Debt Ceiling Recession."

Elderly and Veteran Republicans and their kids would not be immune from a "Debt Ceiling Recession." | DE SANTIS LABELED MAGA A "CULTURE OF LOSING."; ONLY "LOSERS," WOULD RISK A LONG-TERM DEEP RECESSION IN AN ACT OF POLITICAL MACHISMO. RUSSIA AND CHINA ARE DISCUSSING REPLACING THE DOLLAR FOR TRADE USES. MAGA IS GIVING PUTIN ANOTHER "WIN." | image tagged in politics | made w/ Imgflip meme maker
214 views 5 upvotes Made by LarryCaird 2 years ago in politics
13 Comments
2 ups, 2y,
1 reply
Deficit Spending is the classic cure for a recession. We have never had a recession caused by refusal to honor debts from past deficit spending. China is our biggest creditor. Generations of Americans would be under Bejing's thumb unless MAGA backs down from their current madness.
0 ups, 2y,
1 reply
Just stop adding to the f**king debt for a change.
We don’t believe you people any more.
0 ups, 2y
Who is "we"?
0 ups, 2y,
1 reply
Zimbabwe trillion | DEMOCRAT DEFICIT SPENDING BRING YOU THE $100T NOTE COMING SOON TO AN ATM NEAR YOU | image tagged in zimbabwe trillion | made w/ Imgflip meme maker
The Democrats are willfully destroying the dollar through deficit spending.
0 ups, 2y,
1 reply
False.
They've strengthened it, as they did under Obama after W Bush weakened it as Trump also sought to do.
0 ups, 2y,
1 reply
Falser
0 ups, 2y,
1 reply
Bush deliberately and openly weakened the $ ostensibly to stimulate the economy, but vey much also to help offset the costs of two ongoing wars.
Obama had the Fed raise key interest rates, stengthening it.
Trump reversed that (even wanting to lower key interest rates into the NEGATIVES!), thus weakening it.
Biden had the Fed raise key interest rates again, thus stengthening the $.

You should look things up.
0 ups, 2y,
1 reply
The interest rate is not a measure of the dollar’s value. The average inflation rate during Trump’s four fiscal years in office (2017-2020) was under 2%. The inflation rate over Biden’s first two years is over 6.25%.

Your comment is misleading.
0 ups, 2y,
1 reply
No kidding.

Was talking about the value of the currency, not the price of goods.

But you DO understand what I was saying, so let's not waste my time on it, shall we?
0 ups, 2y
https://www.cbsnews.com/tampa/news/argentina-raises-interest-rate-to-97-as-it-struggles-to-tackle-inflation/

Argentina raises interest rate to 97% as it struggles to tackle inflation.

“Argentina's central bank is also hoping the rate hike will incentivize investments in the country's currency, according to the central bank's statement released Monday. The exorbitant inflation resulted in large outflows of investments held in the Argentine peso, leading to a 23% decline in its value against the US dollar this year.”

Biden and the Dem’s green policies along with deficit spending are driving inflation.
1 up, 2y,
1 reply
Nope. Recession is coming because the FED gave banks trillions of $ that they used to artificially inflate assets (making themselves rich) which has now created runaway consumer inflation. You're looking for someone to blame- it's the FED. No politician will get us out of this mess.
0 ups, 2y,
1 reply
False.
That's not how Fiat Currency works.
0 ups, 2y
Weimar Republic, Zimbabwe, Venezuela, Argentina.

Yes it is how it works.
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IMAGE DESCRIPTION:
DE SANTIS LABELED MAGA A "CULTURE OF LOSING."; ONLY "LOSERS," WOULD RISK A LONG-TERM DEEP RECESSION IN AN ACT OF POLITICAL MACHISMO. RUSSIA AND CHINA ARE DISCUSSING REPLACING THE DOLLAR FOR TRADE USES. MAGA IS GIVING PUTIN ANOTHER "WIN."