It’s called the Inflation Reduction Act because they really wanted to implement Build Back Better, but couldn’t, so they didn’t. That saved us from a few trillion inflationary dollars, temporarily. We’re supposed to be grateful.
“It’s called the Inflation Reduction Act because they really wanted to implement Build Back Better, but couldn’t, so they didn’t. That saved us from a few trillion inflationary dollars, temporarily. We’re supposed to be grateful.”
The Covid stimulus and PPP payouts are running their course.
Two quarters of negative growth have the politicians looking at “chucking” some more money around.
This isn’t a inflation reduction act its a stimulus program with a tax hike.
If you want inflation dealt with crank up interest rates and cut the money supply, while cutting the Federal Budget.
Including no increased COLA payments for any recipient of Federal Money because they’re inflationary.
None this will happen, so don’t worry.