The “Inflation Reduction Act” does not cause a “Reduction of Inflation”, per Wharton Business School.
Joe BLiar-den.
https://www.cbsnews.com/news/inflati...-penn-wharton/
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Thread: Politics Thread
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08-14-2022, 01:13 PM #14331"I Got CHAMPIONS in that Lockerroom!" -Stanley Burrell
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08-14-2022, 02:27 PM #14332
That seems like a good indicator of what might happen, the Penn Wharton Budget Model.
They do note that:
But the impact on inflation "is statistically indistinguishable from zero," the Penn Wharton Budget Model said on Friday.
The Wharton model has a good track record; they noted about the latest trickle down attempt passed in 2017:
Put simply, the model’s analysis finds that not only will the Senate tax plan not pay for itself, but it will add more than $1 trillion to the nation’s deficit in the next ten years....he went up late, and I was already up there.
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08-14-2022, 02:54 PM #14333
There is zero guarantee that having the GOVERNMENT negotiate drug prices that it will bring them down. In fact some analysts say that this may actually increase either the prices for some drugs or medical insurance premiums.
On the 2017 tax bill. So. Since it is so terrible Paul, and since YOUR side is in total control of all 3 legislative and executive branches,
How come that there has been no legislation proposed to change that 2017 bill? Huh?
Know why? Because it caused great economic growth, is popular, and is electoral suicide to change it. “Trickle Down” Economic Growth indeed!
You need to really improve your responses.Last edited by Masterofreality; 08-14-2022 at 03:00 PM.
"I Got CHAMPIONS in that Lockerroom!" -Stanley Burrell
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08-14-2022, 04:32 PM #14334
Anyone care to guess what will happen when the government negotiates lower drug prices for Medicare? The drug companies aren’t going to simply accept lower selling prices on a boatload of sales and the related hit to earnings per share. They’ll make up the revenue somehow. I’m going to go out on a limb here and say the prices everyone else pays will go up.
Sent from my iPhone using TapatalkGolf is a relatively simple game, played by reasonably intelligent people, stupidly.
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08-14-2022, 05:40 PM #14335
Seems simple to me. Medicare pays the same as VA pays, not double or triple.
2023 Sweet 16
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08-14-2022, 07:06 PM #14336
Perhaps you should read the Penn Wharton budget analysis on the bill just passed, that you provided?
Trying to claw back some of the give away to the super high income groups.
Most, but not all, of the tax increases fall on higher income households. However, future generations, including higher-income households, gain from the improved economy, including a reduction in carbon emissions....he went up late, and I was already up there.
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08-14-2022, 07:51 PM #14337
Wrong as usual
https://www.thebalance.com/cost-of-t...x-cuts-45866452023 Sweet 16
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08-15-2022, 10:09 AM #14338
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08-15-2022, 10:10 AM #14339
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08-15-2022, 11:09 AM #14340
Rated "least biased" but then it won't make any difference to you, everybody's a leftist.
https://mediabiasfactcheck.com/the-balance/
"Overall, we rate The Balance Least Biased based on minimal use of loaded language and balanced reporting of financial news. We also rate them High for factual reporting due to excellent sourcing and a clean fact check record".Last edited by bobbiemcgee; 08-15-2022 at 11:22 AM.
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