{"id":96816,"date":"2023-10-14T12:17:08","date_gmt":"2023-10-14T17:17:08","guid":{"rendered":"https:\/\/milesfortis.com\/?p=96816"},"modified":"2023-10-14T12:24:18","modified_gmt":"2023-10-14T17:24:18","slug":"96816","status":"publish","type":"post","link":"https:\/\/milesfortis.com\/?p=96816","title":{"rendered":""},"content":{"rendered":"

Burning Down (The Economic) House?<\/a>
\nFood Prices UP 20% Under Bidenomics, Credit Card Delinquencies Now Higher Than During Covid As Credit Card Debt Grows To All-time High To Cope With Inflation<\/em><\/p>\n

Is Biden trying to burn down the economic house?\u00a0<\/a>Under Bidenomics, America\u2019s middle class and low wage workers are suffering from a\u00a0wild, wild life in terms of inflation.<\/a><\/p>\n

First, food prices are up 20% since December 2020. Talk about destruction of middle class wealth!<\/p>\n

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That is in addition to gasoline prices are up 64% under Biden while rent growth is up 252%. Well, Biden waived through millions of illegal immigrants and rent had to rise. Biden and Washington DC\u2019s broken borders is\u00a0Livin\u2019 La Vida Loco<\/a>.<\/p>\n

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To cope with inflation (that Paul Krugman claims is over but the last inflation report showed that the tinders of inflation are hard to extinguish), consumers have turned to credit cards to survive. In fact, credit cards have expanded 38% since April 2021 despite rapidly rising interest rates. And credit card delinquency rates are rising and are now above Covid-era economic shutdown levels.<\/p>\n

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Despite Krugman and Yellen\u2019s screaming that inflation has been crushed, US household are anticipating FASTER inflation. To paraphrase the Emperor of Austria from \u201cAmadeus,\u201d \u201cYou are passionate Krugman and Yellen, but you do not persuade.\u201d<\/a><\/p>\n

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And Billions Biden has just recorded the third largest deficit in history.<\/p>\n

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Burning Down (The Economic) House? Food Prices UP 20% Under Bidenomics, Credit Card Delinquencies Now Higher Than During Covid As Credit Card Debt Grows To All-time High To Cope With Inflation Is Biden trying to burn down the economic house?\u00a0Under Bidenomics, America\u2019s middle class and low wage workers are suffering from a\u00a0wild, wild life in … Continue reading “”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,20,50],"tags":[],"class_list":["post-96816","post","type-post","status-publish","format-standard","hentry","category-crap-for-brains","category-economy","category-goobermint"],"_links":{"self":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/96816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96816"}],"version-history":[{"count":1,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/96816\/revisions"}],"predecessor-version":[{"id":96817,"href":"https:\/\/milesfortis.com\/index.php?rest_route=\/wp\/v2\/posts\/96816\/revisions\/96817"}],"wp:attachment":[{"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesfortis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}