The Incredible Shrinking Dollar
1950 median home price $7,354
2018 median home price $258,100
EDITOR - The phony Dem-GOP song and dance is coming again. The Dems (in appealing for votes) want to push up the minimum wage to $15 an hour. The GOP will scream it is anti-business. . . . blah, blah, blah.
Both big government loving parties will ignore the underlying issue that endless money printing by the Fed is watering down our money supply so every year a dollar buys less and less.
(Daily Caller) - Democrats in the House are aiming to pass legislation mandating a minimum wage hike to $15 an hour by 2025, The Washington Examiner reports.
Democratic Rep. Bobby Scott of Virginia will likely lead the charge if he becomes the next chairman of the House Education and the Workforce Committee as expected, according to the Examiner. Democrats are also reportedly planning to change the committee’s name to reflect a pro-labor agenda.
“On the legislation front, there will be a push to raise the minimum wage,” a Democratic House staffer told the Examiner.
After flipping at least 38 seats in midterm elections, Democrats have gained a large buffer in the House to make an agenda and advance legislation. The Senate remains in the hands of a GOP majority and will likely kill many of the proposals passed in the House.
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The printing of ever more worthless paper money goes on and on. |
In the olden days U.S. money was backed by gold. . By abolishing a gold backed dollar the politicians were free to print all the money needed to buy their re-election every two years. |
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