Reply to U.S. Annual Inflation rose to 6.8% in November

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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You mean to tell me Manchin was right?

[b]Why I Won’t Support Spending Another $3.5 Trillion 
[/b]
[i]Amid inflation, debt and the inevitability of future crises, Congress needs to take a strategic pause.[/i]

Those who believe such concerns are overstated should ask themselves: What do we do if the pandemic gets worse under the next viral mutation? What do we do if there is a financial crisis like the one that led to the Great Recession? What if we face a terrorist attack or major international conflict? How will America respond to such crises if we needlessly spend trillions of dollars today?

Instead of rushing to spend trillions on new government programs and additional stimulus funding, Congress should hit a strategic pause on the budget-reconciliation legislation. A pause is warranted because it will provide more clarity on the trajectory of the pandemic, and it will allow us to determine whether inflation is transitory or not. While some have suggested this reconciliation legislation must be passed now, I believe that making budgetary decisions under artificial political deadlines never leads to good policy or sound decisions.

https://www.wsj.com/articles/manchin-pelosi-biden-3-5-trillion-reconciliation-government-spending-debt-deficit-inflation-11630605657

[img]https://media3.giphy.com/media/STZrkgN7uzdpqAxU0y/200.gif[/img][/quote]

Except he is wrong. Inflation is really the companies gouging the American public.
The Debt is going down despite the GOP tax rip off.
And the future crisis are unpredictable, but our leadership is more sound now than it was over the past 4 years.[/quote]

He was right. Inflation is corporations gouging the public because they see free money being thrown at 39% of the population. Of COURSE they'll raise their prices.
We just had to raise the Debt Ceiling today. Literally Biden just signed a law to pass it. What are you talking about?
Agreed on leadership - doesn't change the fact that our inflation is at a 40-year high and when they announce December I will be shocked if its any less than 7.2%.[/quote]

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