Monday, August 19, 2024

Cash

As polls show the democrats losing support among middle income workers VP Harris is trying to bring them back into the fold and one good way is to increase the child tax credit. The downside is that this will be inflationary. One excellent way to help the low and middle income people is to pay off credit card debt. The cost would be about $1.4 trillion but that is less than the $1.7 trillion student loan debt and it would help the group that Harris is trying to win back. Both of these approaches would punish people who were irresponsible in their personal budgeting. In the past few years the government has sent out over $6 trillion is cash to the people and the result was inflation. I wonder how many people remember what they did with the money.

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