Quote:
Originally Posted by JSH
If the BBB plan passed at the current spending level it would be an additional 0.8% of spending in our $21 trillion dollar economy. Do you really believe that tiny increase will cause runaway inflation?
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Not runaway, just 20% to 30%, maybe 50% that is here to stay.
I think the consumer price index is a lie. Inflation is up more like 20 to 30%. The things least affected seem to be up 3 to 6% and that's what cpi focuses on. Things people buy a lot of all the time like energy is up 50% 100%, major buys like used cars are up 30%, want to rent a car that's uo 50%, housing is up 20% to 30% some extreme examples are over 100%.
Food hasn't gone up much yet but all the farm reports are saying to expect prices to be up 10% to 30% next year, because they are absolutely expecting fertilizer shortages.
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1984 chevy suburban, custom made 6.5L diesel turbocharged with a Garrett T76 and Holset HE351VE, 22:1 compression 13psi of intercooled boost.
1989 firebird mostly stock. Aside from the 6-speed manual trans, corvette gen 5 front brakes, 1LE drive shaft, 4th Gen disc brake fbody rear end.
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