I truly hope you are right about this. I'm no economist, and it's certainly possible that I've been listening too much to the inflation hawks on this lately. And true, since it's a reconciliation package it's supposed to be budget neutral, in theory.
Still, it feels like they're rushing something that most of us haven't really had time …
I truly hope you are right about this. I'm no economist, and it's certainly possible that I've been listening too much to the inflation hawks on this lately. And true, since it's a reconciliation package it's supposed to be budget neutral, in theory.
Still, it feels like they're rushing something that most of us haven't really had time to digest. Inflation can be industry-specific (such as what generous college loans did to the cost of higher education), which is why spending so much on defense doesn't affect the economy as a whole. It would be nice to have time to look at the package to make sure the money is being spent wisely and not just dumped onto the demand side of things so that we don't end up contributing to certain rising costs (like healthcare, for example).
I truly hope you are right about this. I'm no economist, and it's certainly possible that I've been listening too much to the inflation hawks on this lately. And true, since it's a reconciliation package it's supposed to be budget neutral, in theory.
Still, it feels like they're rushing something that most of us haven't really had time to digest. Inflation can be industry-specific (such as what generous college loans did to the cost of higher education), which is why spending so much on defense doesn't affect the economy as a whole. It would be nice to have time to look at the package to make sure the money is being spent wisely and not just dumped onto the demand side of things so that we don't end up contributing to certain rising costs (like healthcare, for example).