I continue to be amazed that the men and women elected to high office (President and Congress simply refuse, year after year regardless the political party in power, to reduce spending.
Unless their constituents feel the pain of inflation, like Argentina did, they will not accept the cuts needed. Our elected congress like to keep their jobs and cutting the budget is a sure way to lose officce.
I continue to be amazed that the men and women elected to high office (President and Congress simply refuse, year after year regardless the political party in power, to reduce spending.
The Federal Reserve enables it. If it didn’t rates would be higher and put pressure on the politicians.
Jimm,
Unless their constituents feel the pain of inflation, like Argentina did, they will not accept the cuts needed. Our elected congress like to keep their jobs and cutting the budget is a sure way to lose officce.