Senator Angus King (I-ME) on Friday sounded off about the Democrats’ so-called “Inflation Reduction Act,” which economists and the Congressional Budget Office agree would not do much to reduce the record-high inflation.
King argued that the legislation would “reduce the federal debt by $300 billion,” which is why it held his support and the backing of Senators Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ).
“This is actually going to reduce the deficit,” King outlined. “In fact, one of the provisions in the bill is to reduce the federal debt by $300 billion. So, that was one of the things that Joe Manchin and I and others insisted be part of the bill. So, yeah, I don’t think there is going to be any problem