Some Straight Talk About the Debt Crises
Congress has passed the Inflation Reduction Act. President Biden says this is a success story, in part because it will reduce the deficit by $305 billion over the next decade. IRA mainly reduces the deficit by raising taxes and regulating drug prices; the act increases federal spending and subsidies by nearly half a trillion dollars over this period. The budget … Continue reading Some Straight Talk About the Debt Crises
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