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Debt and entitlements should be the primary issue for under-40 voters. You are sacrificing your prosperity to pay for an insolvent entitlement system. It’s bee
by tonymet 4y ago
Debt and entitlements should be the primary issue for under-40 voters. You are sacrificing your prosperity to pay for an insolvent entitlement system. It’s been insolvent for 50 years and now it is bankrupt.
Inflation isn’t a natural mechanism , it’s a way to get people to work harder and longer in exchange for a lower quality of life.
The inflation curve shot up in 1971 as a deliberate policy to compensate for a doubling of the work force. Twice as much time spent at work for a lower quality of life.
Money and debt are just proxy indicators for time. Vote like your life depends on it, because it does.
- N1H1L 4y agoThis is really not correct actually from an economics standpoint. The perfect inflation rate is not zero, and negative is definitely bad.
- tonymet 4y agofor all the down-voters – this isn’t endorsing the debt ceiling or GOP ( i know how that may startle hackernews readers). IT’s urging people to make debt a national issue, and to vote out the pensioners who are stealing our prosperity
- tonymet 4y agoalright i got up to 0. that's pretty good on HN