Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dem Rep. Himes: Inflation Reduction Act Will ‘Work in the Longer Run’ — ‘Center of That Bill’ Will Take ‘a Couple of Years’ to Fully Kick in
Breitbart ^ | 09/17/2022 | Ian hatchett

Posted on 09/17/2022 3:33:57 PM PDT by ChicagoConservative27

On Friday’s broadcast of C-SPAN’s “Washington Journal,” Rep. Jim Himes (D-CT) said the Inflation Reduction Act is going to work to reduce inflation “in the longer run.” And “probably the center of that bill” is reducing prescription drug costs, which won’t be fully put in place for a few years.

Himes responded to a question on how the act will reduce inflation by stating, “Well, first of all, let’s be very clear, it’s going to work in the longer run. So, the answer to your question is, probably the center of that bill was about reducing senior citizens’ prescription drug costs. … And it will reduce the out-of-pocket costs for seniors. And by the way, the capping of their out-of-pocket cash expenses at $2,000 a year, still a lot of money, but remember, a lot of seniors pay a lot more than that. That is going to be a powerful thing for our senior citizens. Here’s the honest part: It’s not kicking in tomorrow. It’s not kicking in next week. It’s going to take a couple of years to put that in place. But that will have the effect of really alleviating a lot of pressure for seniors.”

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: hines; inflation; reduction; years
Navigation: use the links below to view more comments.
first previous 1-2021-4041-43 next last
To: ChicagoConservative27

If not, what will be his consequences?


21 posted on 09/17/2022 4:20:15 PM PDT by alternatives? (The only reason to have an army is to defend your borders.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Right Wing Vegan

He graduated in 1988. Universities weren’t as useless then as they are now.


22 posted on 09/17/2022 4:27:47 PM PDT by Chgogal (Welcome to Biden's Weaponized Fascist Banana Republic! Fuhrer Biden is supported by MSM & DC.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: ChicagoConservative27

“Rep. Jim Himes (D-CT) said the Inflation Reduction Act is going to work to reduce inflation “in the longer run.”

With all do respect congressman, you are full of shit.

5.56mm


23 posted on 09/17/2022 4:30:46 PM PDT by M Kehoe (Quid Pro Joe and the Ho got to go.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

Wow, this country would have never been built if people who think like this would have been around.


24 posted on 09/17/2022 4:34:00 PM PDT by Bullish (Rot'sa Ruck America. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Impala64ssa

They gotta go ASAP.


25 posted on 09/17/2022 4:36:07 PM PDT by Bullish (Rot'sa Ruck America. )
[ Post Reply | Private Reply | To 3 | View Replies]

To: ChicagoConservative27

No he really is stupid. Democrats/Communist believe government deficit spending creates robust economies. It doesn’t. Roosevelt’s 14 year depression is the best local example. Russia, China, North Korea, Venezuela are best current examples. But Democrats/Communist are bought into this idiocy.


26 posted on 09/17/2022 4:38:03 PM PDT by dirtymac ( Now Is The Time For All Good Men To ComeTo The Aid Of Their Country! NOWhx) )
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

half of americans are.. they voted for biden and him after all.


27 posted on 09/17/2022 4:39:53 PM PDT by cableguymn
[ Post Reply | Private Reply | To 1 | View Replies]

To: Chgogal
He graduated in 1988. Universities weren’t as useless then as they are now.

Not what I heard from my uncle who studied economics and trade at university in the 80's.

28 posted on 09/17/2022 4:48:04 PM PDT by Right Wing Vegan (Pot legalization licenses every degenerate pothead piece of trash to force drug neighbors.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: ChicagoConservative27

There’s the hidden obvious, that spending can’t end in prosperity.


29 posted on 09/17/2022 5:01:10 PM PDT by lurk (u)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

Just like evolution. Give it enough time, it’ll work.


30 posted on 09/17/2022 5:08:39 PM PDT by tbpiper
[ Post Reply | Private Reply | To 1 | View Replies]

To: Chgogal

I also recall an undergrad at Syracuse U telling me the economics department had a huge painting of Marx on the wall. That was in ‘92. Who knows how long it had been up before then.


31 posted on 09/17/2022 5:17:54 PM PDT by Right Wing Vegan (Pot legalization licenses every degenerate pothead piece of trash to force drug neighbors.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Right Wing Vegan

I am so glad I went to a business school with some sense. It was elitist and obnoxious, but one of the main things I remember was this professor saying ‘If you own a company, you don’t want employees. They want money, complain all the time, and get sick’.

Outside of a government and maybe far blue weirdo places that hire trannies, that’s just reality. The main things they taught were free market supply/demand and anti-trust concepts.


32 posted on 09/17/2022 5:24:33 PM PDT by KnightAstronomer1
[ Post Reply | Private Reply | To 31 | View Replies]

To: ChicagoConservative27

We are, and have for 2 years , already have had it “ kick in”...
...
.. The head.
..the nuts..
..the ribs..
..the teeth..

Abuse victims know B.S. when they hear it.


33 posted on 09/17/2022 5:31:57 PM PDT by cuz1961 (USCGR Veteran )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Col Frank Slade
The seniors will be dead by then

Best summary analysis.

-PJ

34 posted on 09/17/2022 5:51:10 PM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
[ Post Reply | Private Reply | To 2 | View Replies]

It will kick in in a few years. Long enough in the future that the inevitable crash of the economy can be blamed on Trump


35 posted on 09/17/2022 6:10:10 PM PDT by dsrtsage ( Complexity is just simple lacking imagination)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Right Wing Vegan
I graduated from U of I Chicago 1980 with a minor in Econ. The Business College was middle of the road. I of I Chicago is now of Bill Ayers fame, unfortunately.

In the late 1980s Harvard School of Business stopped requesting ethics courses.

https://www.washingtonpost.com/archive/business/1987/04/12/doubts-over-ethics-at-harvard/648fb3ac-8ee7-485c-8978-1cdba04e32cd/

36 posted on 09/17/2022 6:19:24 PM PDT by Chgogal (Welcome to Biden's Weaponized Fascist Banana Republic! Fuhrer Biden is supported by MSM & DC.)
[ Post Reply | Private Reply | To 31 | View Replies]

To: ChicagoConservative27

Yeah, right. Himes is the same guy who promised us all sorts of savings and miracles with obamacare.

In a July 1, 2012 town hall in Westport Mr. Himes stated that ObamaCare was fully “paid for” with a $1.1 trillion tax. However, and no surprise to most of us, the Congressional Budget Office just announced that ObamaCare’s cost is now estimated at $2.6 trillion. His promise in the 2009 town halls was that each family would save $2,500 under Obamacare and we would get to keep our doctors. When pressed on the premium increases highlighted in his recent town hall, Himes said “we’re trying everything but we can’t be certain when savings will kick in.” At which point a citizen shouts out “we can be certain that the country will go broke.”

https://patch.com/connecticut/ridgefield/jim-himes-tries-to-defend-obamacare_09f998e3


37 posted on 09/17/2022 6:21:30 PM PDT by lowbridge ("Let’s check with Senator Schumer before we run it" - NY Times)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Chgogal
U of I Chicago 1980

My uncle who studied at U of C in the 80's told me all his economics courses pushed free trade and stimulus spending. Said it was so bad he dropped econ for business.

38 posted on 09/17/2022 6:28:34 PM PDT by Right Wing Vegan (Pot legalization licenses every degenerate pothead piece of trash to force drug neighbors.)
[ Post Reply | Private Reply | To 36 | View Replies]

To: ChicagoConservative27

From a representative of the smallest state on the planet. Skip it Himesy. You’re irrelevant. Come back when you grow up, idiot.


39 posted on 09/17/2022 6:28:38 PM PDT by FlingWingFlyer (I always thought a Merry Garland was a Christmas tree decoration.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

Another words....the beatings will continue until morale improves


40 posted on 09/18/2022 4:30:41 AM PDT by ronnie raygun
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-43 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson