Moody’s concludes Biden’s spending plans will not add to inflationary pressure

All the wannabe, MAGAt economists can now pipe down and move on to the next faux outrage.

William Foster, vice president and senior credit officer (Sovereign Risk) at Moody’s Investors Service, told Reuters that both pieces of President Biden’s legislative agenda, the $1.75 trillion “Build Back Better” plan and a separate $1 trillion infrastructure plan, will not add to inflationary pressures in the U.S. economy.

Although the Correctional Budget Office will not release their official score until later this week, Foster also claimed, “The impact of the spending packages on the fiscal deficit will be rather small because they will be spread over a relatively long time horizon.”

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