Political Quotes

“we are somehow continuing to consider the Democrats' grab bag of bad ideas, otherwise known--I would say, misleadingly--as the Inflation Reduction Act. Let's start with the bill's title. It gets you feeling somewhat hopeful, doesn't it? The Inflation Reduction Act sounds like a bill that is going to address perhaps the No. 1 problem facing our Nation-- inflation. Then you actually look at the bill's contents and discover that the bill will do nothing to reduce inflation--nothing. And you don't have to take my word for it. Here is what the nonpartisan Penn Wharton Budget Model had to say about the bill's impact on inflation: ``The impact on inflation is statistically indistinguishable from zero''--``statistically indistinguishable from zero.'' The nonpartisan Congressional Budget Office also found that the bill would do nothing to address our current inflation crisis. So did the Tax Foundation. So much for inflation reduction. So what about the deficit reduction the Democrats are touting? Well, unfortunately, there is a good chance there won't be much of that either. Democrats rely on some very shady accounting to reach their supposed deficit reduction number--most notably from the repeal of a rule that has never been implemented and, at this point, was never expected to be. No matter what this rule was predicted to cost, if it was never going to be implemented, its cost was effectively zero.…”