Inflation adjustment.
Social Security has announced 2022 benefits will rise almost 6% under its cost of living adjustment.
The biggest COLA since 1982.
Fucking Reagan.
Actually Carter.
The good news 40 years ago was Reagan slew the inflation dragon so the COLA adjustment had a long term effect.
The chances of a Biden Administration doing that are nil.
If 1982 is Carter, 2021 is Trump.
And inflation will slow when the supply chain broken by Trump's egregious mishandling of the COVID crisis is fixed.
The supply chain problem is a lack of workers. All on Biden.
Part of the supply chain problem is that America is buying all imported goods, and our ports are backed up, all of the goods are getting stuck at the port. We have ships lined up in the ocean waiting to get into the port. So, now what we are going to do is we are going to expand the working hours of our ports to 24 hours per day 7 days per week. We need to open new ports as well. And there is a huge demand for truck drivers, we can hire Mexican truck drivers to help.
And the wages have been too low for workers. Right now the IATSE is ready to go on strike because of bad treatment and low wages for workers. Workers need better treatment and higher wages. And that is what unions are for, to fight for good pay and good treatment for workers.
So, we need to raise wages for workers, we need to expand working hours at ports and we need to build new ports, and we need to hire more truck drivers and we can use Mexican truck drivers.
We can also import Mexican products to fill our shelves with needed goods, the stores do not need to have empty shelves, the shelves can be stocked with products from Mexico and from Latin America, we can have Mexican toilet paper, etc. The Latinos would love to have their products on American store shelves. Americans have great buying power, the dollar is strong in Latin America.
Salute,
Tony V.