Dem Rep. Himes: Inflation 'Largely Managed' by the Fed, Cutting Spending Would Be Debate of Cutting Defense or Social Security, Medicare

Dem Rep. Himes: Inflation ‘Largely Managed’ by the Fed, Cutting Spending Would Be Debate of Cutting Defense or Social Security, Medicare


On Friday’s broadcast of MSNBC’s “Katy Tur Reports,” Rep. Jim Himes (D-CT) said that “inflation is largely managed by the Federal Reserve,” and that while Congress could cut spending, “That would be a conversation about do we cut Social Security, do we cut Medicare the way the Republicans have proposed or do we cut defense spending?”

Himes said, “Inflation means something to people on the ground that is maybe different than what it means to economists. And what this bill will do…it will, for the first time ever, allow Medicare to negotiate with the big drug companies, using their heft to negotiate volume discounts, which, of course, is exactly what Ford Motor Company and any big buyer of anything does, in a way that will

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