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Don’t worry – Sleepy Joe is working on more important issues like reducing hotel fees. Let’s forget about gas and food prices and focus on the real issues that impact people.
Obviously what the Fed is doing is not working and I just wonder if all the intellectuals in the government and academia think that there just might be some other tools that can be used to tame inflation? Anything out there remotely possible? Could the government consider reducing debt in a big way? Could they quit printing money and reduce deficit spending? Is that not even a consideration with this administration?
Both sides of the aisle have doubled down on deficit spending in recent years. Slowing down doesn’t seem to be in the cards.
I think you might be misinformed. If you want ballooning deficits, just look to the failed policies of cutting taxes and “trickle down” economics. Under those policies the top 10% does really well, while Republicans keep pointing out (correctly) that the little guy is getting hosed.
Consumer spending drives about 2/3s of the GDP and consumers seems to be spending money like they have it, so maybe bottom up policies have much stronger influence than anticipated. That’s not a bad problem and it might take some adjusting to get thing right.
Reversing the Trump era tax cuts would do more to reduce the deficit than any other policy I have heard from Republicans. Do Republicans even have a policy other than to cut taxes and kill functioning government?