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South Omaha Times

Saturday, November 16, 2024

Nebraska U.S. Rep Don Bacon: "Q: InflationA: Last March, we passed the $1.9T COVID bill. We were warned that it would trigger inflation...."

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Don Bacon tweeted the following:

"Q: Inflation
A: Last March, we passed the $1.9T COVID bill. We were warned that it would trigger inflation. We added about 10% to the money supply with no way to pay it. Larry Summers also warned us about BBB. Congress has to REIGN IN spending & stop the massive deficit spending."
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Here are other recent tweets from Don Bacon:

"Q: Ukraine
A: Bullies dont stop unless they get scared. We need to continue helping Ukraine and giving them the tools they need to fight, but I've been impressed with their pride and bravery. For decades theyve been fighting and preserving their freedom and independence."
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"Q: Infrastructure
A: Nebraska will receive about $2.5B to maintain and repair roads and highways...including $216M for two programs that provide low-interest loans for building or improving water & wastewater systems. It was also based on per-capita."
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"Q: Russian Oil
A: Weve gone backwards in energy production his past yearweve become a net importer, and gas prices have gone up [] We will have to increase our production again and cut Russian exports, and the rest of the world can accommodate."
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