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Ha, please don't take the names of Acts of Congress as truthful assertions. Spending, any spending increases inflation. One can ague some types of spending ar
by mc32 3y ago
Ha, please don't take the names of Acts of Congress as truthful assertions. Spending, any spending increases inflation. One can ague some types of spending are necessary, but the names of Acts are often misnomers.
- jondwillis 3y ago“Immediate spending for dubious potential lower inflation in the future, probably, we hope, act” doesn’t have the same ring to it. Side note, congress should be banned from adding biased names or acryonyms to bills. Just explain it. If the acronym spells something cute, try again.
- davedunkin 3y agoNames of bills should be given by a GPT that reads the bill and the CBO analysis of the bill.
- laidoffamazon 3y agoThe inflation reduction act reduces forward-looking government spending (which is why it was able to be passed via reconciliation) so this is incorrect.
- Auracle 3y agoAs a matter of fact, you could probably take the inverse of the names and they’d be more truthful. A massive spending bill to fight inflation nonsense. Increasing taxes would have helped. Stopping the student loan pause would have helped. Injecting more money into the economy? Not so much.