X

LETTER: Latest Senate spending package will reduce the deficit?

Richard Augulis Las Vegas

The just-passed $740 billion “Inflation Reduction Act” contains, among other expenditures, $300 billion for deficit reduction. The national debt is now approximately $30 trillion — or $30,000 billion. How is $300 billion going to help deficit reduction? My arithmetic tells me that is 1/100th of 1 percent. Who is kidding whom?

.....We hope you appreciate our content. Subscribe Today to continue reading this story, and all of our stories.
Subscribe now and enjoy unlimited access!
Unlimited Digital Access
99¢ per month for the first 2 months
Already a subscriber?
Exit mobile version