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The task is with me.
I wanna -- -- quick comment on.
Dollars -- is that gonna be played as a and as something in favor of the Republicans.
Well it's it you know look it's been building for many years but what what the comment that needs to come out and people need to understand is what that really needs to every individual that's about 55000.
Dollars of debt -- every American.
It's their debt.
It's not someone else's the country has brought that get -- to all of us 300 million people roughly.
There's about 55 to 60000 by the time that's done of debt and each one of us and we have to pay it.
So what that -- this.
The price of goods that they have are going to become more on costly because somehow we have to get tax we have to pay that debt -- the doesn't just disappear because -- -- once at the Tooth Fairy doesn't come does give you money we have to pay.
Is where -- wrong -- will not be taxed to pay off that -- we most grows the economy so that we increase tax revenues to the treasury to -- -- record and that's -- but all about it and might be -- look at FN -- -- -- -- right where we might -- I mean obviously we have grow the economy that's that's exactly what I believe state -- second mechanism are talking about inflation and -- indicator of inflation let me give -- this one festival the price of gas.
Well it's up again.
Now we're at 370 wanna that's the national average -- regular unleaded.
Diesels crept up to 390.
Fall since the middle of July regular gas has climbed 31 cents now let's be clear here.
The government yesterday said there is no inflation at the consumer level at Battelle -- his got his own inflation indicated he says that is just not true -- that I.
I started something Stewart because I wanted approval point.
And the point is is -- going back to 1983.
The government seems -- -- calculated inflation calculated sent yacht they did again in 9394 under the Boskin Commission.
The CPI no longer has any relevance to the cost -- living.
Year by year they say there's no increase at all.
Everybody knows I did a poll on my on -- on the web -- about how many people thought that the CPI was an accurate reflection of their cost of living increase.
Said no not actually -- in the world -- you've got the track would index attracts you go out to what do you do you mentioned the price the actual price petty 500.
Items like in different places all around the country what -- can't let them get into the weeds -- -- you -- -- the government says no inflation -- How much inflation did you say -- -- -- they were running somewhere cost of living increase year by year generalist because somewhere around eight or 9%.
And if you're not making -- 9% when you look at all the cost of everything -- spend money on your falling behind so if I make fifty grand this year right and I made fifty grand last year dip no change in income -- eleven attacks is all -- 5050 that's the way it is right.
I'm about eight -- 9% will us off.
This year that I was last year and I bring down city by city so in New York it's actually a little worse than that.
Now this -- that's -- some people think well that's just can't possibly be true.
Everyone is to go out and check it out themselves -- people my industry don't -- their clients that question what is the cost for you -- -- this year vs last year and that's -- that's really one of the main reasons why start this we are committing financial suicide by not asking that question and people need to find out for themselves how much -- the -- -- the live right now vs last OK but I could.
As an individual change my consumption patents I could spend less on gas.
If I'm really wanted to -- -- tried to return may be more on something that was treatment so I could adjust my own situation I could do that couldn't when you you could do that.
You know the gas price is sort of this this thing to go through the bloodstream of the American economy when that price goes up.
That they everything goes up -- we all know that food you know goes up tremendously food prices gold about 10% a year and everyone knows this but we accept the CPI number blindly and not really thinking about eight.
I just got an increase my employer just told me I'm gonna give you 2% above the CPI well in some cases that -- just gave you -- 3% decreasing your purchasing power interest let's wake up and start looking at the real numbers for you individually look I see the real number up against phone.
That's right I Philip regulate I noticed 371 national average on -- Joseph pay about 360 so while -- no one pay in more actually Ed with the China would index we like that thanks for joining us.