Buffett: Government Spending Is a Culprit
in 40-Year High Inflation

Well, at least he's honest. But we ALL have known that this insane runaway Dem spending spree would create this inflation.

I see two causes for the inflation we are experiencing. On the one hand, the flagrant money-wasting by the Democ'Rats is putting (as the classic phrase goes) 'too much money chasing too few goods'. Especially with all the 'pandemic compensation' cash being spread around, a lot of people have more money than usual, and, along with the goods (cars, parts, house parts & building materials) shortages, is one cause of prices going up. But there is Elephant in the Room that no-one in the Media is talking about. The Price of Oil. I remember the early 1970's, when the Arabs set up OPEC and ran the price of oil through the roof. As everything in the developed world uses petroleum as fuel to run pretty much everything, as well as using it as the raw material for many things (plastics), as well as just people getting back and forth to work..... the cost of producing nearly all the goods, and the cost of transporting them, increased significantly. It's not that the companies making things were greedy, or that the people doing the work were greedy. It's that their cost for materials and for transportation went through the roof. No matter what the Federal government did, we had bad inflation for years, until the price of everything else rose until it was in proportion to the increased price of oil. By the way, it's not that the value of everything was going up, it's that the value of the Dollar was going down. Lenin said that "The Surest Way to Attack the Capitalist State is to Debauch the Currency.".... and that is exactly what happened. Today we are seeing the exact same thing, but the difference is that the USA is not being held hostage by some foreign operators. No , Today the USA is being held hostage by the hard Leftists in the Biden administration who are intent on shutting down every domestic source of energy in the country. Coal, Oil, Natural Gas, Atomic power. Shut 'em ALL down, and buy Solar Panels and Windmills from.....Biden's paymasters in....China. In the name of 'Climate Change', of course. (THIS by the way, is the Fraud of the Century.) Shut off the source of oil, and the price goes up. The cost to produce anything, to transport anything, goes up a corresponding amount. American workers and companies in the energy industry are wiped out. Putin is happy, he is getting a LOT more money for his oil, selling to the Chinese. As a 'knock-on' effect, the Biden administration fools decided to 'punish' Putin by cutting off Russia from the Western (American and European) financial system. But Putin has oil to sell, the Chinese want to buy it, so they are setting up their own financial system, dumping the Dollar. As other countries see this system as better and more stable than the inflating and value-losing Dollar-based system, more countries are going to abandon the Dollar for trade and go with.... it appears that they new system is based on the Chinese currency. Biden's handlers are handing the control levers of the World's economy to the Chinese on a Silver Platter. We are $31,000,000,000,000 in the hole and going deeper every second. I think we are in for some rough times. Unless we get rid of the present bunch of evil fools and get some competent people back in charge, we will be in for Hard Times the like of which no-one in America has ever seen. Don't believe me? Wait and See!

Every spending bill has passed with Republican support. In fact Republicans have supported all this economic and judicial chaos. They don't seem to do anything to stop it even though they could. It was just a few weeks ago Sen. McConnell said,"Funding the Ukraine War is the #1 Republican priority. Really? My #1 Republican priority was securing the border. Ending endless, costly wars. Fixing up and repairing our infrastructure. Checking China's communism. School choice. Cut government spending. Lower taxes Make stuff again!! All their yapp'in don't get ..........DONE!!!

Read the Headline...screamed Ya Think! How long are these corruptocrats gonna continue ruining our country? Loyal Americans, the few who remain, need to call out any and all Republicans who sponsor, vote or speak nicely about any spending, at this point!

We need a Balanced Budget Amendment to our Constitution to force these freeloading Feds, who effectively constitute our "51st - Super-State," to reign in the spending, create a surplus, and get us back onto the Gold Standard.

I hope everyone is enjoying the inflation. Both parties dumped $1.7T onto the inflation fire. Gonna be here for a while.

My goodness! I had no idea! Well, I didn't when I was three years old.

No Schiff Warren.

Government is the cause of inflation, and always has been.

It's the sole culprit. Biden and his stupid Treasury lady have done incredible damage to a once-robust economy.

Dang! Warren Buffet just woke up from a 40 year nap!

Total US debt is over 90 trillion. It's more than government spending. How much spending (loans) has nothing to show for it and will never be paid back? Government spending (all levels) is just one part of this mess.

I lost respect for this guy when he went over to the dark side and supported those NAZI"s that are posing as democrats.

Well, the fix is easy...have Biden sign an Executive Order that forgives all debts for everyone and wipes out inflation. Who needs money? Then we can start that national debt clock at zero!

Re #3 and #4, a half a dozen RINOs, everyone knows their names, are the ones who enable their Uniparty Dem buddies to wreck everything. Uniparty/Deep State criminal class - filling their bank accounts and playing their evil power games, while the Republic burns.

NO SchiffT Sherlock.

Yeah, and you, Warren Buffett voted for it every single time you voted.