Wrong Vision

For John, BLUF:  Scripture tells us thzat without a vision the People will perish.  This is a couple of weeks old, but it talks to the current situation, and lack of proper vision.  Nothing to see here; just move along.

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Why Team Biden might be purposefully grinding down the middle class

From The New York Post, by Professor Glenn H. Reynolds, 26 May 2022, 4:50pm.

Here is the lede plus three:

Vladimir Lenin supposedly once said, “The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.”

There’s some doubt as to whether this line is genuine; regardless, it seems like a pretty good description of what the Biden administration is doing to America’s middle class.

Inflation is running rampant. The Producer Price Index, the most useful measure of general inflation, is up a whopping 16.3% from April 2021, per the Bureau of Labor Statistics.

That means that roughly $1 out of every $6 that people earn has been lost to inflation in a single year.  Or to put it another way, 80 minutes’ earnings out of every eight-hour day have been eaten up.

The author then goes on to analyze the current social and economic conditions.  For sure, it aooears the current administration did not do a strategic analysis of where the United States was and the ways it could evolve.  Rather, they put ideology ahead of planning.

Hat tip to the InstaPundit.

Regards  —  Cliff