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Inflation
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<blockquote data-quote="vantexan" data-source="post: 5601352" data-attributes="member: 24302"><p>Agreed. And Biden injected too much in spite of objections of major economists like Larry Summers who warned that putting more in would lead to inflation. And now we have a standoff over the debt ceiling because the Biden administration wants to spend way too much. You can't spend $6-$8 trillion a year without consequences. $4 trillion is too much but because of mandatory spending there's only about 15% of the budget outside of defense that can be looked at. Defense needs to be trimmed too.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5601352, member: 24302"] Agreed. And Biden injected too much in spite of objections of major economists like Larry Summers who warned that putting more in would lead to inflation. And now we have a standoff over the debt ceiling because the Biden administration wants to spend way too much. You can't spend $6-$8 trillion a year without consequences. $4 trillion is too much but because of mandatory spending there's only about 15% of the budget outside of defense that can be looked at. Defense needs to be trimmed too. [/QUOTE]
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