Biden's "Build Back Better" would boost inflation.

[FindersKeepers]

Anyone with common sense knows it but now, two of Obama's top officials are speaking out as well.

I have no clue who's really behind the idiocy that's coming from the White House, but seriously, someone needs to start thinking.

Two former top economic officials for former President Barack Obama are warning that President Joe Biden’s massive social spending bill, known as the Build Back Better Act, will increase inflation at a time when rates are already skyrocketing and will add hundreds of billions of dollars a year to the national debt.


Larry Summers, former Treasury Secretary for Clinton and Obama administration official, and Steven Rattner, Obama’s former auto czar, made the warnings in an interview last week with Bloomberg News.

Summers said that the latest Consumer Price Index (CPI), which was 6.8%, “confirmed” that the inflation that has erupted under Biden is “not transitory,” like the administration has tried to claim.


“And I think everybody recognizes now with the statements from Chairman Powell, with the statements from Secretary Yellen, that this isn’t going to just go away of its own accord,” Summers .

https://www.dailywire.com/news/obama...used-inflation

[DGUtley]

Ideology. Agenda. The hell with anything else.

[FindersKeepers]

Ideology. Agenda. The hell with anything else.

It gets me that the Democrats always say they are for the "little guy," and then they enact policies that hurt the little guy more than anyone else.

[DGUtley]

D’s lost the little guy. Now, they are for the elites, the illegals, the coffeehouse students, the big city dwellers and the socialists.

[Peter1469]

Adding to much money to the system causes inflation.

Even the concept of BBB. They are not just building new requirements. They are replacing existing builds, as an example, that still have a long service life left. That is malinvestment.

[MMC]

But but but.....Deviant Joe says he has 17 Nobel Laureates Economists that are telling him that BuildBackBetter will get rid of inflation.

[Peter1469]

But but but.....Deviant Joe says he has 17 Nobel Laureates Economists that are telling him that BuildBackBetter will get rid of inflation.

Ask Joe* how BBB will solve inflation.

[MMC]

Ask Joe* how BBB will solve inflation.

Cmon Man.....no one asks him that question.

[MMC]

White House Claims Devastating CBO Score is ‘Fake’.....

Speaking to reporters a the White House Monday, Press Secretary Jen Psaki was asked about the enormous cost of President Joe Biden’s Build Back Better spending plan.

Psaki referred to the score as “fake,” but it is very real and adds $3 trillion to the deficit.


"We’ve been telling you for months that the plan’s advertised cost of $1.75 trillion over 10 years includes multiple budget gimmicks that disguise the real cost. The Penn Wharton Budget Model has scored the 10-year cost at about $4.6 trillion, but the White House keeps claiming against all evidence that the cost is 'zero,'" the Wall Street Journal analyzes. "[The] CBO and the Joint Committee on Taxation project that the House bill would increase the deficit by $3 trillion over 10 years without the budget gimmicks and phony phase-outs.".....snip~


White House Claims Devastating CBO Score is ‘Fake’ (townhall.com)


Remember this when leftists like Liquids asks where is the Deviant Lie.