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Old 04-24-2012, 08:19 AM
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KhanTyranitar
KhanTyranitar is offline
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Yeah, inflation is a silent tax, and few people really know how much it affects them or how the government profits by it. To most people it just appears that prices are rising, and that it must be due to someone just jacking up their profits, in reality, because the government is pumping dollars into our economy, it makes the money less valuable, especially for imported goods (unless you are importing from a country that has a worse rate of inflation of their own currency).

Not to get back on politics, just a pointer, you might want to check the actual history of the national debt (AKA inflation) during our previous President's terms. It was only in the last portion of it that spending went through the roof, and that more correlated to a change in the congress, the President was the same. Funny how the media can paint a picture that is misleading by simply omitting certain truths. We the public have access to the spending records of our government, and according to that spending record, the first 6 years of our former President, the nation debt was decreasing, despite the war. It was only during the last two years that a duped public mislead by a media with an agenda got frustrated with our war (I didn't care for the war either), and elected a bunch of people from a different party who claimed to be against the war and that they would try to get our troops back, and then once they got elected, went on a huge bailout and spending spree. They then claimed it was because of their president and that if we elected a president of their party too, that we could end the war and the money situation would improve. We do that and sure enough the war does end, but along the war the spending gets even more out of control. Both parties are to blame, not trying to play politics here, just trying to illustrate that the media often paints a picture to manipulate political events and pressure the public into doing things and electing officials that we the people don't necessarily want and is not in our best interest. We have traded one evil for another evil and we are reaping the results, largely in the form of rising prices on everything.