The Democratic presidential nominee -- whether President Biden or Vice President Kamala Harris -- will be haunted by a simple question: 'Are you better off now than you were four years ago?'
The Democratic presidential nominee — whether President Biden or Vice President Kamala Harris — will be haunted by a simple question: “Are you better off now than you were four years ago?”
“While real wage growth has turned slightly positive in recent months,” the Fed economists explained, “the level of real wages is still below where they were at the onset of the inflation surge that we began to see in the first quarter of 2021.” The administration’s 2025 budget will extract an extra $5.3 trillion from taxpayers over the next decade. The Tax Foundation estimates the chilling effect on economic output will lower GDP by 1.6% and wages by 1.1%, and 666,000 jobs will be snuffed out.
Mr. Trump’s net expenditures — bloated unnecessarily by the reckless COVID-19 spending splurge — were still several trillion less than under Mr. Biden when comparing like-to-like.
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