The many issues we are facing

I hope everyone had a wonderful Thanksgiving. By the way, how do you know you ate a lot during the holiday? You have to take out your bathrobe.

The somewhat slashed Rebuild Better bill, the Human Infrastructure Bill, and the Reconciliation Act, call it whatever you like, are still in the news constantly. Am I the only one wishing Congress would just pass it or drop it, so we wouldn’t have to keep hearing the same old things, without real new information or analysis to allow us to critically assess it, including its potential impact on inflation, a topic we’ll touch on shortly?

As I write this column, we’re still waiting for the Congressional Budget Office to register the bill and tell us if it’s “paid,” whatever that means. However, as we’ve discussed in this column, other “non-partisan” organizations have pointed out a number of things that will make the overall bill much more expensive in the long run for taxpayers. These include that many stipulated programs are now ending earlier than first suggested, with the hope that they will be extended once in place.

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