Michael F Schundler
1 min readAug 29, 2022

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As Biden gives away the government's assets, to buy votes, voters should realize the government is going broke and they will have to pay for it. Not the rich, the average American.

The effect of 2021 government spending was a 5% tax on lower- and middle-class citizens in the form of higher prices (inflation). Was it really worth it? Are you better off?

This year's government spending will effectively be another 3% on poor and middle-class consumers. You are still getting poorer, only slower. The current estimate is inflation driven by government spending has added an extra cost of $460/month to Americans' cost of living between 2021 to mid-year 2022. Thought you were poorer... it wasn't your imagination.

How much more spending can you take before you say enough? Basic economics says there is no such thing as a "free lunch". And consumers are learning that the hard way.

We are seeing the worse erosion of living standards since the 70s. Democrats can be so cruel and pretend to be good at the same time.

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