Global Feed Post Login
Replying to Avatar Dr. Monali Desai

The Senate Republican’s version of the 'big, beautiful bill' sets up a potential clash with House Republicans. 🇺🇸 Democrats in the Senate and House are against the bill because of cuts to Medicare and Medicaid. Despite all the cuts the spending bill will still increase the federal debt which will increase inflation for all Americans on top of the already higher prices from the Trump Administration’s tariffs. 🇺🇸

While many Democrat and Republican administrations have increased the federal debt which then has increased inflation, the Trump Administration has also added across the board tariffs that are constantly changing at the same time which will have widespread negative impacts on the US economy when we feel the full impact of both tariffs and increased inflation presumably starting later this summer. 🇺🇸

Contact your Republican and Democrat members of Congress at 202-224-3121 to voice your concerns, more than 80% are up for reelection next year and should hear from concerned American citizens. 🇺🇸

https://abcnews.go.com/amp/Politics/senate-finance-committees-version-big-beautiful-bill-sets/story?id=122910234

Avatar
Brunswick 6mo ago

I agree budget deficits do increase inflation, as does reduction of the trade deficit, but the interest rate graphic is a non-sequitur

Reply to this note

Please Login to reply.

Discussion

No replies yet.