|
Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
|
I would say neither. SS recipients are getting cost of living adjustments that don't reflect true inflation. Also, statistics indicate that wages are trailing inflation. The winners in the past few years have been corporations, which have seen profits grab an increasing share of GDP. I'm not arguing what is right or wrong. I'm just observing.
As far as what I'd like to see, I'd prefer to see corporate profits fall and inflation moderate. Raising COLA and wages would only contribute to inflation. I'd rather see a contraction, so that expansion in the economy is not hinged upon the availability of easy credit.
|