biden regime say "Inflation way down!" Math-proficient voters: "What a crock!"

I've been reading a guy named Karl Denninger for a few years now.  He seems to be a pretty sound analyst, and he and I agree that the biden regime (and all its tentacles and lackeys and munchkins) are flat-out lying to you about...well, everything.  I've taken the liberty of adapting some of his ideas from a post of his on 11/17:

When I go to the grocery store my debit statement says I'm spending a lot more money there than a year ago.  And not just a couple of percent, but an obscene increase.  My food purchases don't change, yet my costs are up more than 30%, hugely more than the regime claims.

Car insurance costs about 20% more than last year.   That's real, and you have to pay it to drive legally.

But oddly, amid all the price increases, the biden regime claims the cost of health insurance has dropped by roughly 30%.  That's utter nonsense, and anyone who actually pays for the stuff knows it, and yet the regime keeps making that claim.

The simple reality is that in the nearly three years that biden and the Democrats have been running the country, congress has passed laws--eagerly signed by Porridgebrain--spending a stunning 30% more than the government takes in every year.  This is a *massive* increase from prior administrations, and the result is the inflation you're seeing.

The lies and regime gifts to supporters as supposedly "free" stuff, and gold-plated waste, are breathtaking, and now it's all a permanent part of our national debt.  It can't be undone.  But almost no Americans have any idea of any of this--it's not their area of expertise.

The problem is that congress has gradually become comfortable with spending more than revenues by more and more every year, and now both political parties believe the government can spend 30% more than it takes in *every year* with no ill effects--like 8% inflation.

That's flat-out false.

A second--huge--problem is that inflation can increase quickly but takes a lot longer to come back down.  So even if the government were to reduce spending to "just" ten percent more than revenue, it would take six or eight years for inflation to come back down to an acceptable level.

And note well that this would NOT reduce prices at all, but merely slow the increase.  Americans don't realize that either.

Of course in theory there *is* another way: raise taxes by about 30% to destroy demand by reducing disposable income.  You'd think proposing that would be political suicide, and yet some Democrats are reportedly considering it.

So how does this resolve?

I don't have the answer.  All I know is that my personal experience says prices are WAY higher than the regime is telling you. >>

Agreed.

Source: market-ticker.org

https://market-ticker.org/akcs-www?post=250117