In response to:

Merry Christmas: This Tax Increase is for You, America

LEVI3 Wrote: Dec 01, 2012 10:44 AM
John.... Are you forgetting the huge "tax" hike we get from the Feds printing money? Food cost and fuel almost or completely doubled? 401K's decimated and then to top it off, insulting the military and seniors with a 1.7% COLA. Then the shrew telling us we have to eat arugula when we can't even afford iceberg. Arugula?.... think i want to puke!
ericynot Wrote: Dec 01, 2012 11:05 AM
LEVI,

Where do you live that prices are so extreme? Gas prices have indeed doubled since early 2009 when the economy was in the toilet. But they have not been higher at any time in the last four years than they were in mid-2008 when Bush was still Pres.

I shop every week for groceries. Food prices have gone up some over the past four years, just as they have done since I stated buying food in the mid-1970's. But doubled? No way. Not even close -- they're about where they were before the crash in 2008.

And since the market's about where it was before the crash, you 401-K should have mostly recovered too.
ericynot Wrote: Dec 01, 2012 11:06 AM
If you want to argue that the massive infusion of cash into the economy by the Fed may well cause big inflation in the future, you've got a good case (and I'm very worried about it). But so far it hasn't happened.
SpaceVegetable Wrote: Dec 01, 2012 1:12 PM
There's a lot of stealth increases in food prices, since a lot of producers are reducing package sizes and keeping the same prices. Tuna used to be in 6 oz cans. Now they're 5 ounce. It's happening across the board. And look at meat prices. The effects of the summer drought are hitting now. Beef prices are soaring. Democrats are death on the economy.
ericynot Wrote: Dec 01, 2012 1:46 PM
Veg,

Don't think you can blame the drought on a political party.
Unrealistic Wrote: Dec 01, 2012 10:59 AM
Arugula is nasty for sure.
Kirk72 Wrote: Dec 01, 2012 10:53 AM
Yep, 4 trillon and counting. QE4 is around the corner.

Let’s cut right to the end of the story: Ordinary people have already tumbled off the precipice.

There will be no dramatic rescue at the height of the tension, with crashing, ominous music turning to a sunshine ditty, a government handout straining to reach you, to save you from tumbling over the lip of the cliff.

Instead the government is going to intentionally bump into you, making it look like an accident, head turned away, mumbling an apology, much like a pick-pocket does in a crowd, with the object to lift your wallet.      

So, yes; however much they...

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