Rep. McCarthy To Biden On Rising Inflation: Wake Up

[Gunny]

OAN Newsroom
UPDATED 1:08 PM PT – Friday, July 30, 2021House Minority Leader Kevin McCarthy (R-Calif.) has taken aim at Joe Biden over the rising inflation in the U.S. Speaking on the House floor on Friday, McCarthy criticized Biden’s comments at a CNN Town Hall where he said spending trillions more would reduce inflation.
He also pointed out the negative effects rising inflation has had on gas prices, groceries and travel. “Enough is enough. People are fed up with the ignorance, and arrogance, and the hypocrisy,” stated McCarthy.

McCarthy said both Republicans and Democrats have warned Biden’s spending proposals would boost inflation. He concluded by explaining that Americans are done with the hypocrisy and added, Biden needs to get a clue about inflation.
https://www.oann.com/rep-mccarthy-to-biden-on-rising-inflation-wake-up/

Not much of a revelation here. Fact is fact. Posturing more than anything else.

Incidentally, despite the facts, figures and logic, there are STILL who knows how many people out there who believe one can actually spend his/her way out of debt.

[fj1200]

So trumpian deficit spending is not inflationary but bidenian deficit spending is?

U.S. budget deficit topped a record $3 trillion for 2020 fiscal year. (https://www.nytimes.com/2020/10/08/business/united-states-budget-deficit-3-trillion.html)
U.S. deficit will total $3 trillion in fiscal 2021, budget panel says (https://www.cnbc.com/2021/07/01/us-deficit-to-total-3-trillion-in-fiscal-2021-budget-panel-says-.html)

[Kathianne]

So trumpian deficit spending is not inflationary but bidenian deficit spending is?

U.S. budget deficit topped a record $3 trillion for 2020 fiscal year. (https://www.nytimes.com/2020/10/08/business/united-states-budget-deficit-3-trillion.html)


U.S. deficit will total $3 trillion in fiscal 2021, budget panel says (https://www.cnbc.com/2021/07/01/us-deficit-to-total-3-trillion-in-fiscal-2021-budget-panel-says-.html)


Fiscal conservatives have pointed both out as putting more and more on kids, now up to great, great grandkids at least.

When interest rates rise, which will be sooner than later, some will wake up.

What is unsustainable will not be sustained.

[Gunny]

So trumpian deficit spending is not inflationary but bidenian deficit spending is?

U.S. budget deficit topped a record $3 trillion for 2020 fiscal year. (https://www.nytimes.com/2020/10/08/business/united-states-budget-deficit-3-trillion.html)


U.S. deficit will total $3 trillion in fiscal 2021, budget panel says (https://www.cnbc.com/2021/07/01/us-deficit-to-total-3-trillion-in-fiscal-2021-budget-panel-says-.html)

Ronald Reagan deficit spending wasn't okay with me. My ex's deficit spending wasn't okay with me. That's where I stand on that. Your comparison is out of context with individual circumstance. Trump's efforts were toward balancing our account and putting us back in the black after years of deficit trading. Trump's business acumen is the one thing with me that forgave a lot of his other kookiness.

That as opposed to Biden wanting to finance unsound progressive idealism by hiding his expenditures in "infrastructure". If this is an issue of I don't want what little money we we (don't) have wasted on the left's albatross and setting us even further in debt, so be it. I'm against it.

I have an issue with stupid. Not prefacing stupid with adjectives.

[fj1200]

Ronald Reagan deficit spending wasn't okay with me. My ex's deficit spending wasn't okay with me. That's where I stand on that. Your comparison is out of context with individual circumstance. Trump's efforts were toward balancing our account and putting us back in the black after years of deficit trading. Trump's business acumen is the one thing with me that forgave a lot of his other kookiness.

That as opposed to Biden wanting to finance unsound progressive idealism by hiding his expenditures in "infrastructure". If this is an issue of I don't want what little money we we (don't) have wasted on the left's albatross and setting us even further in debt, so be it. I'm against it.

I have an issue with stupid. Not prefacing stupid with adjectives.

Deficits are deficits. I was only referencing deficits for the past two years with strikingly similar amounts due largely to one thing. Republicans were OK with early trump deficits and the left will be OK with later biden deficits.

[Gunny]

Deficits are deficits. I was only referencing deficits for the past two years with strikingly similar amounts due largely to one thing. Republicans were OK with early trump deficits and the left will be OK with later biden deficits.

Speaking solely for me, Trump's business acumen has been his saving grace with me. Certainly not his humility or tact.

On the other hand, EVERY time Dems have passed a huge spending bill, they are followed by tax increases on anything and everything they can find to jack the tax up on. There is no rhyme nor reason to their spending. Bet a very large portion of this "infrastructure" money disappears into the bureaucratic infrastructure.

Any of Trump's policies I disagreed with are documented on the board, and the level of disagreement corresponds with my level of outspokenness.

[fj1200]

Speaking solely for me, Trump's business acumen has been his saving grace with me. Certainly not his humility or tact.

On the other hand, EVERY time Dems have passed a huge spending bill, they are followed by tax increases on anything and everything they can find to jack the tax up on. There is no rhyme nor reason to their spending. Bet a very large portion of this "infrastructure" money disappears into the bureaucratic infrastructure.

Any of Trump's policies I disagreed with are documented on the board, and the level of disagreement corresponds with my level of outspokenness.

I discount his business acumen and I discount further any gains that were had because of it. The best thing we got out of those four years was a corporate tax cut. Second being SCOTUS appointments.