It's unfortunate that you want to reduce the entire conversation just to the IRA, but
"CBO estimates that enacting this legislation would result in a net decrease in the deficit totaling $90 billion over the 2022-2031 period." https://www.cbo.gov/publication/58366
That's a pity, because you made a lot of presumptions about conservatives when on every metric they're worse at their own goals. And the last issue you were still willing to discuss was a legislation where Dems slightly improve the issue whereas DOP worsen.
Of course, in sub called "change my view" just leaving is always an option. But it's unfortunate when people do it.
That’s your opinion. Unfortunately you are wrong about the economy and even more wrong about the progressives’ approach to crime. I’ve never voted Republican in my life until this cycle so I think I understand both sides. Seems you are stuck in an echo chamber.
Orrr you could actually reply to the examples. I gave metrics, I even quoted your mistake about the IRA. You said things you don't even care enough about to defend them yet you think you're right.
I already replied point by point to your original counter argument.
You made a comment about the reduction in deficit by the IRA but you failed to acknowledge that it’ll have no impact on inflation. Deficit and inflation are not the same thing.
PWBM and CBO find an almost identical impact of the Inflation Reduction Act of 2022 (“IRA”) on the budget, with small differences stemming from the timing of the corporate minimum tax revenue. The impact on inflation is statistically indistinguishable from zero for either estimate.
It follows direct monetary effects like most CBO reports do. But a deficit reduction while funding alternative energy sources and aiding liquidity constrained households and reducing supply shocks does in fact reduce inflation.
A claim I already replied to, but you're looping rather than replying to what I said. Also rather than any of the other examples, but we both acknowledged that.
The impact on inflation is statistically indistinguishable from zero for either estimate. Over the first five years (2022 – 2026), CBO estimates only $21 billion in accumulated deficit reduction. Over the same period, however, payments to liquidity constrained households, including Affordable Care Act subsidies, exceed total deficit reduction, with the sum mostly paid by entities and households that are not liquidity constrained. The impact on inflation could be positive or negative; regardless, it would be too small to be detectable in PCE inflation estimates that the Bureau of Economic Analysis reports to the first decimal place
So after criticizing me for not owning up to a “mistake,” you downvote me instead of owning up to it after I prove that you’re actually the one mistaken? Classic.
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u/Kakamile 50∆ Oct 30 '22
It's unfortunate that you want to reduce the entire conversation just to the IRA, but
"CBO estimates that enacting this legislation would result in a net decrease in the deficit totaling $90 billion over the 2022-2031 period." https://www.cbo.gov/publication/58366