I always find this format of screenshots of headlines the most credible source of information dissemination.
What is JD Vance's policy on post menopausal women? Is he going to institute a new monarchy that forces all post menopausal women to be careers of children? Possibly they can be the new army of post menopausal women that take care of her new army of forced birth children from teenage pregnancies and forced pregnancies that killed the mother. Is this a rough idea of JD Vance's ideal future for America?
I agree with the bottom line but it's not really the middle class who funds these subsidies to the poor, it's debt that's funding much of it and that debt is the elephant in the room - the cause of inflation. It will only get worse until the government stops spending like drunk teenagers with daddy's credit card. When was the last time the House put forth a balance budget? I think Clinton was in office .....
when you've lost the WaPo Editorial Board . . . https://www.washingtonpost.com/opinions/2024/08/16/harris-economy-plan-gimmicks/ Opinion: The times demand serious economic ideas. Harris supplies gimmicks. ‘Price gouging’ is not causing inflation. So why is the vice president promising to stamp it out? he Editorial Board August 16, 2024 at 6:28 p.m. EDT Vice President Kamala Harris’s speech Friday was an opportunity to get specific with voters about how a Harris presidency would manage an economy that many feel is not working well for them. Unfortunately, instead of delivering a substantial plan, she squandered the moment on populist gimmicks. Americans are clearly still anxious and angry about the high cost of groceries, housing and even $5.29 Big Macs. While the inflation rate has cooled substantially since the 2022 peak, an ostensible Biden-Harris administration accomplishment, prices remain elevated relative to the Trump years. So it’s a real political issue for Ms. Harris. One way to handle it might be to level with voters, telling them that inflation spiked in 2021 mainly because the pandemic snarled supply chains, and that the Federal Reserve’s policies, which the Biden-Harris administration supported, are working to slow it. The vice president instead opted for a less forthright route: Blaming big business. She vowed to go after “price gouging” by grocery stores, landlords, pharmaceutical companies and other supposed corporate perpetrators by having the Federal Trade Commission enforce a vaguely defined “federal ban on price gouging.” Never mind that many stores are currently slashing prices in response to renewed consumer bargain hunting. Ms. Harris says she’ll target companies that make “excessive” profits, whatever that means. (It’s hard to see how groceries, a notoriously low-margin business, would qualify.) Thankfully, this gambit by Ms. Harris has been met with almost instant skepticism, with many critics citing President Richard M. Nixon’s failed price controls from the 1970s. Whether the Harris proposal wins over voters remains to be seen, but if sound economic analysis still matters, it won’t. Ms. Harris’s housing plan is built on a slightly firmer foundation. In urging construction of 3 million new homes over the next four years, she puts her finger on the essence of the housing-affordability problem: insufficient supply. She offers clever tax incentives to help make it happen. But her proposed $25,000 in down payment assistance for first-time home buyers stimulates the demand side, which risks putting upward pressure on prices. Such a measure might make sense if Ms. Harris paid for it by eliminating other demand-side housing subsidies, such as the mortgage interest deduction, a roughly $30 billion annual drain on federal revenue that benefits many wealthy Americans — but she does not. Ms. Harris is on firmest ground when she advocates increasing the child tax credit from the current level of $2,000 per kid up to $3,600 per kid for middle-class and low-income families, and for making it easier for those lower on the income scale to access the benefit. These levels were in place in 2021 and resulted in many families being lifted above the poverty line. Assuming it’s designed with appropriate work incentives, the child tax credit can be highly effective anti-poverty policy. Ms. Harris also suggested expanding the earned income tax credit for childless low-income “front-line workers,” a smart idea that has enjoyed bipartisan support in Congress. She would extend beyond 2025 tax breaks to help Americans of modest means afford to buy health insurance on the Affordable Care Act marketplaces; those tax breaks are part of the reason more than 92 percent of Americans have health insurance now. She also wants to expand the government’s limited power to negotiate Medicare drug prices and permanently cap out-of-pocket drug spending at $2,000 per year for everyone. Her ideas would cost money, yet she insisted in her speech that she would hold to President Joe Biden’s pledge not to raise taxes on any household earning $400,000 or less annually. That excludes 80 percent of taxable income, and does not take into account the recent surge in families earning over $400,000. The Harris campaign says it plans to raise revenue to cover these costs but did not provide specific offsets in its economic plan rollout. Without them, Ms. Harris’s full plan would add $1.7 trillion to federal deficits over a decade, according to the Committee for a Responsible Federal Budget, a nonpartisan budget watchdog. To be sure, every campaign makes expensive promises that will never come to pass, especially with a divided Congress. Remember Mr. Biden’s pledge to make community college free? Even adjusted for the pandering standards of campaign economics, however, Ms. Harris’s speech Friday ranks as a disappointment.
LMFAO - sure we should all listen to this ****ing absolute idiot. Annualized Inflation in the US in 2024 under Biden-Harris - 2.7% Annualized Inflation in Argentina in 2024 under Javier Milei - 263.4%
when you've lost CNN . . . Harris’ plan to stop price gouging could create more problems than it solves https://www.cnn.com/2024/08/16/business/harris-price-gouging-ban-inflation/index.html
Because you need to pass legislation. Democrats do not have a super majority. Can't pass bipartisan legislation when Trump controls the Republican party and he wants to campaign on the "border" and "inflation." So here we are. When Trump loses this November, Republicans will move on from Trump and the far right MAGA. Of course they can try Trump again in 2028 and 2032 .
