The Signs of Inflation are All Around Us

Went out to buy some stamps this afternoon. It got me to thinking about the inflation thingy.

I bought my stamps. They no longer have a price on them, which as a former stamp collector as a kid, I find a bit odd. The USPS now calls them “Forever Stamps”. Supposedly, they last forever. Fat chance of that happening, but hey, it sounds permanent and comfortably sound to boot.

Do ya think our government has an inkling that the price of stamps may be increasing faster than their ability to keep up with the replacement printing required? Never before until the last few years in our nation’s history did we have undenominated stamps? (Pssst………I suspect that they know what is coming down the pike.)

Then, I stopped and bought a cup of medium coffee at Dunkin Donuts and 2 donuts. $1.79 for the coffee with the donuts a total of $3.42 (with a .28 cent discount). Coffee used to be a quarter a cup as I recall for a long time. Since I don’t buy coffee that often $1.79 seemed like quite a jump for me. And donuts about .90 cents a piece? Must be awfully high quality junk food I guess.

Fortunately, we don’t have to worry because the government tells us that inflation is low. Course they leave out, the numbers for food and energy and massage down the housing costs. That does tend to mitigate actual reality a bit one might think.

After all, the national debt is now over $16.8 Trillion or $53,289 or $148,151 per taxpayer. And with sequestration cuts amounting to 2.38% that debt and our deficits don’t look to slow down all that much as a result of reduced government spending.

Now, a Trillion $ sounds like a lot but let’s be honest, for most of us that term is just a word or bunch of numbers . So just what does our national debt actually look like?

Well, take a look at this YouTube video for some perspective on that number and its relationship to our national debt:

[vsw id=”qSHI9PDh6GM” source=”youtube” width=”425″ height=”344″ autoplay=”no”]

So, just how did we get there? Well, that’s a longer story which is shrouded in deception thanks to our politicians and the media. Grab this book for some perspective on the issue. It does a pretty good job of laying out the how’s and why’s of where we are where we are. The author is no newcomer to the scene. He documents the case pretty well with quotes from the main players as well. Worth the read. Check it out.

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