Enough Democrats are that way. And enough Republicans. There are logical policies that just make sense. If there were enough Dems and Republicans who actually cared about the people we'd be far better off than we are right now.
Bolton is a schmuck, but at least he had the balls to point out that the emperor has no clothes on...unlike Lindsay Graham, Marco Rubio, Ted Cruz, etc.
1. You can name a bill whatever you want 2. It does have the net effect of reducing inflation. See #3. 3. Larry Summers is an ass, but he's not wrong here. barfo
This bill increases the amount of revenues the government will receive, and at a far higher level than the outlay in spending. Any time the government takes money out of the economy through taxation more than it is spending on other items has the net result of being deflationary as there is now less capital out there in the world that is available to be spent on the same quantity of goods.
Apparently Biden and Xi will be meeting in mid-November during a Group of 20 summit. I doubt that would be scheduled if there was any chance China was going to do anything like invade Taiwan. Xi is visiting Saudi Arabia next week. Would hate to be in the press pool for that event, good chance of being poisoned.
He isn't wrong - but he's mostly making strawman arguments. The title of the bill isn't "The Complete And Permanent End Of Inflation Act". I'll grant his point that it will have a relatively small effect on inflation - but I'll also grant Summers' point that it will be in the right direction. barfo
You should sue for wrongful bill-naming, then. It may have caused you emotional injury and mental anguish, trauma, an inability to form close relationships, and nightmares. barfo