To the extent that in fact these things are going to be paid for by big corporations and wealthy people, then it’s not a problem of inflation because you are not -- you’re paying for everything. You’re not inflating the economy.
Robert Reich: “To the extent that in fact these things are going to be paid for by big corporations and wealthy people, then it’s not a…”
Editor's note · Context
Former Labor Secretary Reich explains how the funding of Biden's plans addresses concerns about inflation and national debt.
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We’ve got to have a Democratic Party that is not afraid, that doesn’t take big money, that says to big corporations and Wall Street, 'Too bad. We are going to represent the people.'
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We’re not going to tolerate taking money from Medicaid, and food stamps, and nutrition, and possibly from Medicare as well, to give a big tax cut to the richest people in America when they’ve never been as rich.
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