How will more government spending reduce our inflation? It won’t. Today on Insight, John and Josh Rosenstern discuss the Inflation Reduction Act currently going through the Senate; it’s similar to the Build Back Better plan that did not pass. This slimmed down version of the first bill, which originally targeted government monies going out to a tune of 3-trillion dollars, is deemed a reconciliation bill. Typically, the Senate needs 60 of the one hundred votes, but only 51 votes are needed when it is a reconciliation bill, i.e., a simple majority. The Federal Reserve’s raising of interest rates has tightened things up in an effort to reduce the rate of increasing prices by only 2-percent. In the bill, nearly 300-billion is set aside for climate initiatives alone; also included is a minimum tax rate, which will cause higher taxes on corporations.
Up Next in 2022
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Insight - Aug. 3rd, 2022
Today on Insight, John and Josh Rosenstern discuss how abortions will remain legal in Kansas after a recent mid-term primary election there; late term abortions also won out with a vote in favor, 58 to 41-percent. Many charities put in millions of dollars to bring awareness and influence the vot...
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Insight - Aug. 2nd, 2022
Today on Insight, John and Josh Rosenstern discuss house speaker Nancy Pelosi’s visit to Asia, particularly in Taiwan, and how the visit is causing the US friction with China. Pelosi is 3rd in line to the Presidency, her position is paramount, and many are asking what is her motive and is this vi...
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Insight - July 29th, 2022
Today on Insight, John Rosenstern discusses the Biden Administration’s frivolous spending of money with 2.9 trillion that President Biden committed last year, still sitting idol. Brother John says the waning support for the Abraham Accords and Israel’s continued submissions for peace, we see grow...
