• Please read the Announcement concerning missing posts from 10/8/25-10/15/25.
  • This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

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

Airyaman said:
What do the Republicans have on the table to reduce spending? Going to cut defense?
Click to expand...
Defense has been cut for years. What else do you have?
190312-D-ZZ999-001.JPG
 
Taylor said:
Defense has been cut for years. What else do you have?
190312-D-ZZ999-001.JPG
Click to expand...
You know what they say about statistics.

U.S. Military Spending/Defense Budget | Historical Chart & Data

Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are...
www.macrotrends.net www.macrotrends.net

united-states-military-spending-defense-budget-2023-02-13-macrotrends.png

So as a percentage of GDP, it's gone down. By total dollars, up, up, and up!
 
anatta said:
because used cars already jumped.. So it's a reduction in the rate of increase.
That's inflation, everything goes up, some come back down some -others just explode in price.
when it finally ends (soft landing or not) you wind up with much less purchasing power.

Fixed income are getting hammered, but even wage earners are falling back,, and I don see an end anytime soon
Click to expand...
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.
 
Airyaman said:
You know what they say about statistics.

U.S. Military Spending/Defense Budget | Historical Chart & Data

Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are...
www.macrotrends.net www.macrotrends.net

View attachment 67437161

So as a percentage of GDP, it's gone down. By total dollars, up, up, and up!
Click to expand...
Why would you look at total dollars? It's quite clear what's causing the deficit to balloon. And it's not defense spending.

FT_17.04.03_budget_420px.webp
 
dobieg said:
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.
Click to expand...
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.
 
Last edited:
Taylor said:
Why would you look at total dollars? It's quite clear what's driving the deficit. And it's not defense spending.
Click to expand...
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.
 
Mycroft said:
Pathetic.

People are quibbling over a half a percent rise or fall from month to month and continue to ignore the continuing difference between now and when Biden was installed in the WH. In early Jan. 2021, inflation was a bit over 2%. Even with these latest numbers...and their "new method to compute US CPI"...inflation is still more than THREE TIMES AS HIGH. Food prices, energy prices...hell, prices for EVERYTHING...are still rising. Some at double digit rates.

So whoop-di-do! Inflation went up month over month by half a percent instead of going down half a percent as some propagandists expected. Big ****ing deal.
Click to expand...
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.
 
dobieg said:
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.
Click to expand...
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.
 
Airyaman said:
What do the Republicans have on the table to reduce spending? Going to cut defense?
Click to expand...
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.
 
GOP Hippo said:
Every time the Dems have a major screw up the response is always to shift blame to the Republicans asking what they will do.
Click to expand...
The last time the GOP got in charge they massively cut taxes instead of reducing the national debt. Why do they deserve power?
 
GOP Hippo said:
Every time the Dems have a major screw up the response is always to shift blame to the Republicans asking what they will do.
Click to expand...

The Republicans run the monetary branch of Congress.
GOP Hippo said:
When it comes to the current inflation fiasco the solution is to stop sending these Democrats to Congress.
Click to expand...

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?
 
craig said:
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.
Click to expand...
Wrong.

The root causes of our current inflation began the day that Biden was installed in the WH.
 
You must log in or register to reply here.
Back
Top Bottom