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US CPI data for January released, inflation falls less than market expectations

What do the Republicans have on the table to reduce spending? Going to cut defense?
Defense has been cut for years. What else do you have?
 
Defense has been cut for years. What else do you have?
You know what they say about statistics.




So as a percentage of GDP, it's gone down. By total dollars, up, up, and up!
 
How else do you encourage people to work? You have to take away the purchasing power they have already worked for so they don’t slack off.
 
Why would you look at total dollars? It's quite clear what's causing the deficit to balloon. And it's not defense spending.

 
8 Fed hikes and inflation decreases from 6.5% in Dec to 6.4% in Jan. Not very good.

At least this should put pressure on team Biden to negotiate on lowering the deficit rather than add to inflationary pressure with even more government spending.
The Fed is working to carefully slow the economy without falling into recession. It is generally working, but remains a dangerous enterprise. The employment news of earlier this month might has sounded good to most of us, but not the Fed as a full employment economy is inflationary by design.

Raising taxes both works to lower the deficit and is anti-inflationary.... plus it could solve some of the issues with SS and Medicare. Just food for thought.

You aren't really interested in fixing the deficit unless you consider raising taxes AND reducing expenditures. If you are only for one of those approaches, you just want the other guy to solve the problem for you. That is not problem solving. I am all for cutting spending, but based on the goal of lowering deficits with Republicans being also willing to suck it up and offer up some additional taxes.
 
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Why would you look at total dollars? It's quite clear what's driving the deficit. And it's not defense spending.
If I make $200k a year and spend $150k, that's 75%.

If I make $225k a year and spend $162k, that's 72%. My income has increased faster than my expenditures but I've still increased my expenditures. Therefore, I am spending more, not cutting my spending.

It's pretty basic.

That said, we don't have the same situation for the federal government. They spend more than they make every year. Therefore, there are no cuts in military spending since Obama. Unless you're a new kind of "conservative" who doesn't care about total dollars spent and give in to the tricky math of liberals.
 
The root causes of the inflation was already in the economy before Biden was elected. There is a 6 to 12 month lag before it can be measured. The reverse is also true.
 
8 Fed hikes and inflation decreases from 6.5% in Dec to 6.4% in Jan. Not very good.

At least this should put pressure on team Biden to negotiate on lowering the deficit rather than add to inflationary pressure with even more government spending.
Man you conservatives really don't get economics.

Current inflation has almost nothing to do with US government spending, but is a supply side issue on both goods and manpower. The US at more than full employment and that will cause inflation, just as energy prices and other supply side issues post Covid has caused inflation.
 
What do the Republicans have on the table to reduce spending? Going to cut defense?
Every time the Dems have a major screw up the response is always to shift blame to the Republicans asking what they will do.
When it comes to the current inflation fiasco the solution is to stop sending these Democrats to Congress.
I think everyone who voted "yes" on that massive Omnibus Bill without reading it on the last day of the session should be asked to resign. The country deserves better than that.
 
Every time the Dems have a major screw up the response is always to shift blame to the Republicans asking what they will do.
The last time the GOP got in charge they massively cut taxes instead of reducing the national debt. Why do they deserve power?
 
Every time the Dems have a major screw up the response is always to shift blame to the Republicans asking what they will do.

The Republicans run the monetary branch of Congress.
When it comes to the current inflation fiasco the solution is to stop sending these Democrats to Congress.

Wrong. Government spending has very little to do with current inflation. I've asked dozens of "conservatives" to show the real effects of government spending on inflation and I've yet to see a single one provide a shred of evidence of the effects.

Care to try?
 
The root causes of the inflation was already in the economy before Biden was elected. There is a 6 to 12 month lag before it can be measured. The reverse is also true.
Wrong.

The root causes of our current inflation began the day that Biden was installed in the WH.
 
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