The progressive war on wealth spreads to trusts.
GOP senators who prefaced their support for the deal on it being totally paid for should beware these gimmicks.
It’s another demonstration of how the Republican Party has shifted away from its traditional posture of claiming concern about excessive government spending when Democrats are in power.
It would seem that, although Powell recognizes transitory inflation is taking a little longer to transit than hoped, his risk–reward calculation has not changed.
And how our history with inflation can serve as a useful guide.
At no point does the Moody’s report suggest that passing Biden’s spending plans will ‘reduce inflation.’
Using money to finance new spending means it’s no longer available to help address our massive fiscal challenges.
If we want to fix bridges, let’s talk about that. But 99.2 percent of Biden’s infrastructure proposals isn’t about bridges.