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Monday, July 08, 2024 4:56:00 PM
Cost of labor is up more than 20%. Cost of energy is up more than 25%. Cost of aluminum and steel and produce and services are up more than 30%. Cost of rent is up more than 30%. Cost of meat is up more than 35%. Cost of insurance is up more than 40%. And all are going higher.
It is not all his fault. The federal governement has added more than $2 trillion per year to the debt and been injecting that into the economy and markets in order to make it look like a boom. They have brought the debt up from $21 trillion in 2019 to over $31.5 trillion as of last year. And now they are adding debt to the taxpayer even faster, with a $3.1 trillion increase to $34.6 trillion in the latest quarter. This is terrible policy that is unsustainable and is going to lead to an enormous collapse.
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