Theowl32
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Biden wins for ‘the most economically illiterate presidential utterance since Jimmy Carter’
Last Updated: Oct. 26, 2021 at 1:08 p.m. ETFirst Published: Oct. 26, 2021 at 1:07 p.m. ETBy
Michael J. Boskin
How Biden’s claim that his $3.5 trillion ‘human infrastructure’ bill ‘costs zero dollars’ is wrong
STANFORD (Project Syndicate) – President Joe Biden insists that his $3.5 trillion ($5 trillion without the budget gimmicks) “human infrastructure” bill “costs zero dollars” – nothing, nil, nada.
While every president makes foolish statements, this must be the most economically illiterate presidential utterance since Jimmy Carter’s demand that the Federal Reserve lower interest rates in the midst of surging double-digit inflation.
In Carter’s case, the result was a dollar crisis. What will come of the Biden administration’s foray into nonsense?
Biden wins for 'the most economically illiterate presidential utterance since Jimmy Carter'
Biden insists his $3.5 trillion “human infrastructure” bill “costs zero dollars”. This is how that's wrong.
www.marketwatch.com
Well, the wheels on the bus go round and round all the livelong day.