(RoyalPatriot.com )- Last week, Democrat Senator Elizabeth Warren claimed the laughingly-named “Inflation Reduction Act” would bring down utility and healthcare costs but not anytime soon.
During a segment on MSNBC’s “Andrea Mitchell Reports,” host Andrea Mitchell told Senator Warren that while the so-called “Inflation Reduction Act” might bring down the deficit, it won’t reduce inflation.
Warren boasted that the $700+ billion spending bill “absolutely brings the deficit down,” adding that the cause of inflation is that there is “too much money floating around in the economy,” and the “Inflation Reduction Act” “absolutely attacks that directly.”
How? By pumping more money into the economy? Does this woman have a single clue what she’s talking about?
Warren went on to explain that inflation “attacks costs directly where families live,” adding that the “Inflation Reduction Act” is about bringing costs down.
When Mitchell pointed out that the supposed cost reductions don’t “kick in” until 2025, a defensive Warren said it is in the long-term that Americans want to see those prices come down.
No, Liz. Americans want the prices to come down now. Not a year from now. Not five years from now. Now.
MSNBC's Andrea Mitchell: "The Inflation Reduction Act, so named, doesn’t really reduce inflation."
Elizabeth Warren: "If you think that the problem that causes inflation is too much money floating around in the economy, then it absolutely attacks that directly." pic.twitter.com/QkSuwi4eGZ
— Washington Free Beacon (@FreeBeacon) September 14, 2022