proud republican Loc: RED CALIFORNIA

https://www.foxbusiness.com/politics/230-economists-warn-manchins-spending-bill-will-perpetuate-inflation

So 230 economists are wrong??? I'll take economists over Schumer/Manchin BS anytime...Sinema and Manchin are both COWARDS...

Wonttakeitanymore

Demonrats never do anything to help people they just help themselves to peoples money!

proud republican Loc: RED CALIFORNIA

Easy to spend somebody else's money....🙄🙄🙄

Liberty Tree

They would rather listen to leftwing spinmeisters tell them what they want to hear.

PeterS

The economists wrote in the letter first obtained by Fox News Digital that the U.S. economy is at a "dangerous crossroads" and the "inaptly named ‘Inflation Reduction Act of 2022’ would do nothing of the sort and instead would perpetuate the same fiscal policy errors that have helped precipitate the current troubling economic climate."

Inflation is high all around the world. Exactly how did Biden's horrible fiscal policy cause worldwide inflation? When was the last time that any of you thought for yourselves?

proud republican Loc: RED CALIFORNIA

Yes inflation is high all over the world, so why take a chance to make it higher??? Why not wait till Wednesday when we will now if July's inflation is higher or stays the same?

PeterS

And it's going to make it higher how? You don't even know what you are talking about. You found something to back a position that you don't even know why you have? My bet is that you were one of those who benefited from all those government checks. Did you spend them, put them in the bank, or do the "anti-inflation" thing and burn them or return them to the government? Where do you people come up with the idea spending by the government during downturns is inflationary? What principle of economics is being violated that causes inflation?

Instead of sitting there and regurgitating bulls**t that is being fed to you why don't you think for yourselves for a change? Our current bout with inflation is caused by supply shortages created during the p******c. This is what's causing too much money to be in circulation. But what is being passed by Democrats now isn't going to be spent in one day but being spread out over a period of years. Let me ask you this; if the same amount or more was being spent on the military do you think you would be able to find a single "economist" who found it inflationary? Of course not!

You and your fellow cons are being manipulated by your demagogues to oppose anything proposed by the Democrats--even when you are a direct beneficiary--for no purpose than pure politics. Why do you support an ideology that is willing to do actual economic harm to you? Good god, if you really believe the way you say you believe then don't spend a single dime that comes from the government. All of it would be inflationary so either return it or better yet, destroy those checks so that those funds are taken out of circulation. By taking them out of circulation money supply would shrink therefore inflation would go down.

So remember, burn those checks and save the country from inflation!

proud republican Loc: RED CALIFORNIA

You're right, I don't know anything about economy, but I know one thing when inflation is 9.1%, how $790B on top of 9.1 % inflation will help our economy??? 🙄

PeterS

So tell me, what are my "spinmeisters" telling me that I want to hear? You people stand against anything that might benefit the environment or the individual. Why? Because you are controlled by your demagogues. Not a single one of you can think for yourselves. You want to point your crooked fingers at us? Go ahead, but it only shows the world just how ignorant you people really are. Christ, the lot of you don't have two brain cells to rub together to create a coherent thought so you sit there and demean and degrade others in an effort to d**g them down to your level. Well, it's a bunch of BS and that's about all you are capable of adding to the conversation...

nwtk2007 Loc: Texas

How? By printing the monopoly money needed to "pay" for it. Duh!! We pay in debt owed in f**e money. It's stupid. Our buying power is now realised to be worthless since we are destroying our economy by turning our backs on energy needed to power us along. The world is not turning with us, it is turning against us. The petrol dollar was our bargaining chip. Get it???

They see Biden begging for oil from Saudi and confidence in the dollar drops even more.

It's pure stupidity what this administration has done to this country.

Oscar louks

They were both bought off. Get with the show the bills will go through the roof and the next generations will have to live with it while these clowns sail off into the sunset

Radiance3

============
This Spending Bill of $700 billion plus is for political campaign lures for the Mid-Term Nov, e******n. The messages of the democrats are all dishonest and all deceptive to the American people. The bill all favored their political advancement to keep Congress and the Senate in this Nov. e******n, and beyond. That is the reason they are such in a hurry to have it approved.

There are several thousand pages all for these c*******ts to take our hard earned money in the guise of 1. C*****e c****e, their e******n revisions to they could continue to hold the the Executive branch and Legislative branch.

I can't go further, my laptop keyboard has problems. After I fix this, I'll explain further about this Spending Bill of corrupt Biden and corrupt DEM Congress and the Senate. I am very upset about this bill.

All economists don't agree. More later.

nwtk2007 Loc: Texas

That's it exactly. The dems are ruthless with their lies and ignorance causes people to believe them.

Radiance3

=================
PeterS, I am obliged to respond to you cause your thinking is an out right LIE, or you are dumb to figure out this tragic economic policies of Joe Biden designed to destroy this country. So much have been damaged already. since he took over the presidency 1.6 years ago. This $700 billion plus spending bill finalizes the destruction of the American people that labored all their lives to achieve something better or to reach the highest potential of their mental and physical abilities, that is the freedom to achieve. As Biden and his son corrupt thru influence peddling in millions of dollars. He'll take most of the hard earned income of the people thru all kinds of taxes for them to further their desires for corruptions, in the guise of C*****e c****e.
Here are the various kinds of taxes that are paid to the government.
a. Sales tax
b. State income tax
c. Excise tax
d. Property tax
e. Inheritance tax
f. Income tax to IRS
g. Payroll tax: Medicare; Social Security; Unemployment tax; Medicaid tax given to the poor.
h. Business Licenses, or Professional Licenses.
i. Property tax on real estate.
j. Personal property licenses.
k. Investment tax : Long term capital gain & short term capital gains.
l. Corporate tax
m. All other taxes on smaller businesses.

Biden is going to increase Income tax to 37%
Biden increases corporate tax to 36%.

Biden increases Inheritance tax.
Currently these are the State Inheritance tax, and the IRS Federal Inheritance tax.

E.g. State inheritance tax are not uniform, they differ from state to state.
Example in our state:
* Taxable amount Rate
* Taxable amount $0 to $1,000,000 Rate 10.0%
* Taxable amount $1,000,000 to $2,000,000 Rate 14.0%
* Taxable amount $2,000,000 to $3,000,000 Rate 15.0%
* Taxable amount $3,000,000 to $4,000,000 Rate 16.0%
Rate become higher for larger inheritance.

Then there are the varied rates for Federal Inheritance tax.
After exemption of $5 million
The rates are :
Rates range from 18% to 40%, depending on the size of your estate.

This is the current rates before Joe Biden raises the rates so he collects more money to spend.
Spending increase and tax increases FURTHER RAISE INFLATION.
------------------------
My keyboards do not function so, I'll rest until I can explain further and post as soon as my PC is fixed.

proud republican Loc: RED CALIFORNIA

Great job, Radiance!!