Inflation

CNN and Newsweek, among other news outlets, can't seem to understand the "tea parties" and don't seem interested in learning about them. They apparently can't understand why people are protesting government spending when Obama wants to not only keep the Bush tax cuts for those earning under $300,000 but increase them. CNN apparently can't understand the concept that Americans are so stupid that they are unhappy with a $400 cut cut.

Of course, the problem is that the current spending will probably result in the federal debt doubling and inflation rising. For those of us receiving a fixed pension, without the cost of living increases that taxpayers are giving public employees, a couple percent increase in the cost of living will more than wipe out any "tax cut". Duh!!
http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aKsf3mmmoaCg