Posted on 01/03/2023 8:20:20 AM PST by JV3MRC
Economist Steve Moore took a blowtorch to Congress’ nutty and enormous spending bill which was passed just as the U.S. continued to reel from a crippling inflation crisis.
Moore rebuked Republicans and Democrats for abusing Americans’ hard-earned tax dollars as if it were Monopoly money during the Jan. 2 edition of Fox News Live. “I’ve got to say this: Shame on Republicans — shame on Democrats in Congress for what they did last week” when “they passed that $2 trillion spending bill.” Moore specifically held the GOP’s feet to the fire: “Your job in 2023 is to cut government spending as much as you possibly can. It’s a cancer cell.”
(Excerpt) Read more at newsbusters.org ...
Its ok, it all comes back to dnc coffers one way or another
Not to tip who I am, but I personally know Steve Moore. He is what I refer to as a “cocktail party economist.” He is a George Mason PhD in economic policy. He is great at story telling, but BEWARE. He is a swamp creature and wants Republicans to continue the spending spree.
Republicrats strike again.
Uh, this horse left the barn long ago, and suddenly there is concern and critical commentary?
You don’t need to be an economist to know this spending bill at this juncture is complete idiocy and undermines the FED task.
He is right about one thing-—the Republicans are to blame for this as well. They had a chance for actual change back to a more “limited” government in Trump’s first two years. They didn’t and I believe it’s all an illusion (federal level) of choice. It’s one party and they look on us with disdain. I despise them all....They hate us!
Ping
I like Moore's FBN persona. He echos Art Laffer's tax cutting supply side economics. The only problem is when government expenditures outpace the growing revenues from the Laffer Curve. That is where supply riders have failed over the last 40 years.
Stephen Moore destroyed his credibility as an economist when he came out sometime in 2018-19 and publicly called for the Federal Reserve to reduce interest rates that were already at or near historic lows.
As one Freeper with at least half a brain pointed out ... If the Fed isn't going to raise rates when the economy is strong and unemployment rates are miniscule anyway, then when are interest rates ever going to rise?
Thank you, whoever you are. The more ‘word of mouth’ to look into the better.
Too late now
Should have already sounded any alarms
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