Americans To Go Broke After This Biden Bill

This is just plain ignorance at this point.

It has now been learned that an astounding 230 economists have written a letter to President Biden and Congress which argues that the new Infrastructure Reduction Act will not only make inflation skyrocket but it will also make Americans broke.

According to Fox, the economists explained that Democrats were at a “dangerous crossroads” and the “inaptly named ‘Inflation Reduction Act of 2022’ would do nothing of the sort and instead would perpetuate the same fiscal policy errors that have helped precipitate the current troubling economic climate.”

The economists warned that the government spending “would create immediate inflationary pressures by boosting demand, while the supply-side tax hikes would constrain supply by discouraging investment and draining the private sector of much-needed resources.”

Furthermore, they explained that the bill’s prescription drug provisions “would impose price controls that threaten healthcare innovation, creating a human health toll that would add to the financial woes that Americans are already experiencing.”