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The Inflation Reduction Act saves maybe $ 300 billion dollars in the first 10 years. If we cancel $ 10,000 of debt and just extend the pause a few months, we're going to be at about that much in terms of new cost, all the deficit reduction will be wiped out. At the same time, we're probably going to do more to increase inflation from debt cancellation than any inflation reduction from The Inflation Reduction Act.
Found on CNN 2 years ago
The inflationary impact its certainly positive, but I don't think it would be much. We're talking about a pretty small impact.
Found on CNN 2 years ago
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