The Conservative Cave
Current Events => The DUmpster => Topic started by: CC27 on July 28, 2022, 01:42:00 PM
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Star Member Yo_Mama_Been_Loggin (87,181 posts)
What's in, and out, of Democrats' inflation-fighting package
WASHINGTON (AP) — What started as a $4 trillion effort during President Joe Biden’s first months in office to rebuild America’s public infrastructure and family support systems has ended up a much slimmer, but not unsubstantial, compromise package of inflation-fighting health care, climate change and deficit reduction strategies that appears headed toward quick votes in Congress.
Lawmakers are poring over the $739 billion proposal struck by two top negotiators, Senate Majority Leader Chuck Schumer and holdout Sen. Joe Manchin, the conservative West Virginia Democrat who rejected Biden’s earlier drafts but surprised colleagues late Wednesday with a new one.
What’s in, and out, of the Democrats’ 725-page “Inflation Reduction Act of 2022” as it stands now.
LOWER PRESCRIPTION DRUG COSTS
Launching a long-sought goal, the bill would allow the Medicare program to negotiate prescription drug prices with pharmaceutical companies, saving the federal government some $288 billion over the 10-year budget window.
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https://apnews.com/article/inflation-biden-health-climate-and-environment-7a267eeea21af0f44318e6b9d888c36c
MichMan (7,177 posts)
1. There are some worthwhile things in there, but I dont understand how it fights inflation?
Continuing ACA subsidies that were already there, reduction of drug prices for people on Medicare that will save the government money, and electric car subsidies.
How does that lower inflation for the average working person and their families?
https://www.democraticunderground.com/100216978698
Careful there DUmmie...
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MichMan (7,177 posts)
1. There are some worthwhile things in there, but I dont understand how it fights inflation?
Continuing ACA subsidies that were already there, reduction of drug prices for people on Medicare that will save the government money, and electric car subsidies.
How does that lower inflation for the average working person and their families?
I will explain it to you like you are Joe Biden.
IT DOSEN'T. :mad:
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What 's in democrats' inflation-fighting package
I'll give you a hint: It starts with 's' and rhymes with 'hit'.
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It only got 2 recs and just the one reply from Michman. Where's the cheerleading and enthusiasm?
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Meh whos worried about the economy when we have this genius squatting in the White House. I swear to God, no joke!
God help us all. :banghead:
"Biden: "The difference between having a 5% raise in the face of inflation, price at the pump although that's down every day so far but it's like, woah, I feel worse off but then again, I didn't get a check for $8 grand from the government. Does that make sense to anybody?""
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It only got 2 recs and just the one reply from Michman. Where's the cheerleading and enthusiasm?
They realized that there are no more stimulus checks. :whatever:
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In short, what is in this scam bill is super inflation inducing federal spending, super increased federal taxes for the middle class (ultra rich, poor, and illegals exempt), and immediate further economic recession leading to a depression.
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In short, what is in this scam bill is super inflation inducing federal spending, super increased federal taxes for the middle class (ultra rich, poor, and illegals exempt), and immediate further economic recession leading to a depression.
In that respect, it isn't a scam at all - it's an inflationary pork sandwich gift-wrapped to that turd Manchin, who made heaven only knows what deal to sign off. I sincerely hope people are stocking dry goods and whatever they can fit in their
freezers for the misery that is yet to come. By the end of the year I expect looting in grocery stores as prices spike again and millions are laid off and it's too late to rejoin the workforce.
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In that respect, it isn't a scam at all - it's an inflationary pork sandwich gift-wrapped to that turd Manchin, who made heaven only knows what deal to sign off. I sincerely hope people are stocking dry goods and whatever they can fit in their
freezers for the misery that is yet to come. By the end of the year I expect looting in grocery stores as prices spike again and millions are laid off and it's too late to rejoin the workforce.
Misery index makes a triumphant return?