Dear Editor, Three recent news items deserve careful scrutiny and expanded analyses the FBI raid on President Donald Trump s private Florida residence, the recently passed and signed Anti-Inflation Act and the pending exodus of Liz Cheney from Congress.
of that? you have larry summers saying canceling the net canceling the debt would increase inflation. oh, right it absolutely does because another $300 billion into the economy and $300 billion circulating. that is all to add to inflationary pressure. look, you never listen to what the democrats actually say, the anti-inflation act has nothing to do with anti-inflation but about 87,000 new irs agents coming after us and trying to get $200 billion from the pockets to pay for all of these green new deal and all the other stuff that the democrats want to pay for, including this bailout. the democrats will stop at nothing in order to try to maintain control in the house and senate this november. this is one way to try to do that by getting these young people to have student debt to be grateful to them for
that means people are just struggling to get by, hurting at the grocery store, people on fixed incomes. i just can t understand how people whose job it is in government to make peoples lives better think it is okay to on purpose make people poorer. brian: right. what you see, for one thing, just so bizarre is that they just mislabel things. for example, they say recession is not recession. they say two quarters of negative growth is not a recession when traditionally everybody else knows it is. things are great in the job market, economy stronger than anybody else s when it is not. an anti-inflation act has nothing to do with inflation. go back to the wharton school, this does nothing but slightly raise inflation oaf the next few years. what it is really a climate change bill which they are, jamming down our throats at a time which the average american experienced, having to make choices about their lifestyle that affects them soft
to larry summers, harvard professor who told him this fights inflation, and they named this, you know, the basically inflation act, anti-inflation act of 2022. why is that important? manchin has been talking about inflation for almost two years now. in fact, he was made fun of last year when he brought it up as a concern. i will tell you it is something he s talked to me about since 2013. he s talked to me about the debt and deficit. he wouldn t support certain bills because he said i can t leave this debt to my grandkids. i can t do it. even when they were politically right, he s been talking about this for ten years. so i think he saw the opportunity, this is one of first times you re ever going to see congress pass the bill that actually starts paying down the debt and deficit. we just don t do that anymore. they say it is going to pay down $300 billion. that might be the biggest paydown ever. is he going to go out and sell this now? he signed on to it, is he going to go o