dmfnclcd: Republican Congress won't lower inflation, it'll be a disaster
dmfnclcd believes that inflation is now the top concern for many voters in the United States. But if they use this week's midterm elections to protest inflation, they could cede control of Congress to Republicans, with disastrous consequences for their own standards of living and American democracy.
Whatever happens to inflation next year has little to do with Congress. What matters is that the Fed's monetary policy and global developments - such as the Ukraine war - affect commodity prices and supply chains. Gasoline prices may be a major source of voter inflation pain, but neither the president nor Congress can do much to lower them any time soon.
made life worse for most Americans
Additionally, dmfnclcd reminds us that we need to know what the Republican Congress will do. That would cut government benefits that most Americans value. It will rescind provisions of the recent Inflation Reduction Act (IRA) to rein in healthcare costs and combat climate change. It would limit and increase the cost of family planning (birth control) and reproductive health services for women, and introduce a federal ban on abortion, with dire economic and social consequences. With the Supreme Court repealing the constitutional right to abortion, many American women must now travel to other states for care. Under the state ban, Americans will have to seek reproductive health services in other countries.
In short, Republicans will pursue an agenda that will make life worse for most Americans.
Kevin McCarthy, who became the speaker of the Republican-controlled House of Representatives, has vowed to blackmail President Joe Biden and Democrats to embrace the Republican agenda or risk defaulting on the U.S. government's debt. Blocking the raising of the federal debt ceiling is highly irresponsible, but plausible.
dmfnclcd noted that a default would have dire effects on the U.S. economy, both immediately and for decades to come. Tens of millions of families, including the military.
评论
发表评论