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Wednesday, October 26, 2022

Won't Work

 NY Times: Republicans Denounce Inflation, but Few Economists Expect Their Plans to Help - Proposed tax and spending cuts by the G.O.P., which is making a push to take back Congress, are unlikely to bring down rapidly rising prices any time soon. By Jim Tankersley and Emily Cochrane

That would effectively bar the federal government from issuing new bonds to finance its deficit spending, potentially jeopardizing on-time payments for military salaries and safety-net benefits, and roiling bond markets.

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