Economy and that scary "R" word

[Schneed10]

Originally Posted by dmek25

its seems like we disagree all those tax cuts did was try to balance out the ever rising rate of inflation. so now your taxes are a wee bit lower, but your paying more for your actual purchases

I'd rather see higher inflation than higher unemployment. You'd think the democrats, who decry the rich and seem to be the party for the lower and middle class, would get this. But they don't seem to.

Inflation and unemployment go hand in hand. If you're taking steps, like cutting taxes and running a deficit, you're going to end up keeping unemployment nice and low, but you put inflation pressures in place. Sure enough inflation is at 4% right now, and unemployment is real low, below 5%.

Inflation costs me more money. But I'm willing to pay more for my milk and my gasoline if it means more Americans have a chance at jobs, especially the lower and middle class who need the jobs so much. Democrats love to balance the budget and love to bring in tax revenue, but they never acknowledge that these moves put a ton of lower-middle class workers out of work.