Boccia: Stimulus checks likely to cause an uptick in inflation Romina Boccia, Director of Budget and Entitlement Policy at the Cato Institute, argues against Doge dividend payments and stimulus checks, stating they could increase inflation.
9 million people have one day to claim U.S. stimulus checks IRS officials say 9 million Americans are still eligible for stimulus aid, but clock is ticking to claim funds. Nov 17, 2022 Abbott reaches deal on plan to reopen formula plant ...
If Republicans simply stated that they were going to send rebate checks to curry favor with voters, I’d roll my eyes and shrug my shoulders. But when they make Keynesian arguments to justify such a policy, I can’t help but get upset about the economic illiteracy. Speaking of bad economi...
See? Almost everything that the MIT study cited as an economic variable is a direct response to inflation!And inflation is overwhelmingly caused by the government spending money they don’t have.So, these “free money” stimulus checks will increase inflation. ...
About 23 million California residents will receive "inflation relief" checks of up to $1,050 after Governor Gavin Newsom on Thursday signed a $308 billion state budget that includes the payments. The checks are part of a $17 billion relief package that will also suspend the state's sales ...
If the economy has already bottomed out and begun to recover by the time checks go out in May or June, the extra money could drive up inflation. Tax breaks for business What's the plan?Will it work?Whom will it help most?What's the downside? The House plan...
The checks (and other federal funds) are at the epicenter of a debate as to whether and to what extent the financial assistance helped fuel inflation, which is running at itshottest in about 40 years. But they undoubtedly offered a lifeline to millions of people during the worst unemployment...
stimulus came at a significant, unintended cost: inflation. It’s unclear whether inflationhas reached its peak, but the situation is now economically and politically toxic, and it has left many of the same policymakers, advocates and economists now asking whether the stimulus checks were a ...
Rising uncertainty about future living standards-due to rising inflation, higher unemployment and smaller income gains has caused consumers to adopt more prudent spending plans and become more wary of incurring new debt, said Richard Curtin, director of the Reuters/University of Michigan Surveys of ...
(SSA) will announce the 2022 Cost-of-Living-Adjustment, or COLA as it is more commonly known.The COLA, which is tied to the Consumer Price Index, aims to ensure that the purchasing power of those on Social Security is not impacted by the year-to-year price increasecaused by inflation. ...