{"id":1571914,"date":"2022-07-26T14:52:48","date_gmt":"2022-07-26T18:52:48","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1571914"},"modified":"2022-07-26T14:52:50","modified_gmt":"2022-07-26T18:52:50","slug":"heritage-foundation-op-ed-warns-against-build-back-better-inflation-boondoggle","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/heritage-foundation-op-ed-warns-against-build-back-better-inflation-boondoggle\/","title":{"rendered":"Heritage Foundation Op-Ed Warns Against Build Back Better Inflation \u2018Boondoggle\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fheritage-foundation-op-ed-warns-against-build-back-better-inflation-boondoggle%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1571914&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A <a href=\"https:\/\/www.heritage.org\/budget-and-spending\/commentary\/bidens-newest-build-back-better-boondoggle-would-worsen-inflationary\">new opinion editorial<\/a> by an influential conservative think tank pulls no punches as it attacks what remains of President Joe Biden\u2019s \u201cBuild Back Better\u201d agenda, calling the current iteration of the plan an inflationary \u201cboondoggle\u201d that would harm consumers by imposing price controls on common pharmaceuticals.<\/p>\n<p>On Thursday, the Heritage Foundation published a new polemic by five authors affiliated with the conservative think tank, arguing that the Build Back Better plan proposed by President Biden must be rejected by Congress, lest the American public suffer even worse ravages of <a href=\"https:\/\/www.theepochtimes.com\/t-inflation\">inflation<\/a>.<\/p>\n<p> \u2018Socialist Nightmare\u2019 <\/p>\n<p>The column goes so far as to refer to Build Back Better as a \u201csocialist nightmare,\u201d alleging that Biden\u2019s proposals for additional <a href=\"https:\/\/www.theepochtimes.com\/t-government-spending\">government spending<\/a> and pharmaceutical price controls would \u201cpour gasoline on the fire\u201d of inflation.<\/p>\n<p>\u201cIf this sounds like the\u00a0approach\u00a0of the 1970s, it is\u2014rapidly expanding federal\u00a0spending\u00a0and the money supply, and ultimately triggering double-digit inflation. Then, too, rather than rein in\u00a0spending, Washington resorted to price controls\u2026\u00a0In the 1970s, government price-meddling led to gasoline lines stretching for blocks. This time the price-meddling will make it harder for vulnerable Americans to get their hands on lifesaving drugs,\u201d the authors argue.<\/p>\n<p> Build Back Better\u2019s Troubled Path in Congress <\/p>\n<p>Since then-candidate Biden proposed the Build Back Better agenda during his 2020 presidential campaign, the agenda has evolved significantly, becoming smaller in scope and ambition as legislative gridlock has forced Biden to revise his more radical proposals. Though the first part of the agenda, the American Rescue Plan, was signed into law in March 2021, Biden has faced difficulty getting approval of the two other portions of his agenda. The second part, the\u00a0Infrastructure Investment and Jobs Act, was passed into law as a significantly modified bipartisan bill in November 2021.<\/p>\n<p>What remains of Biden\u2019s Build Back Better agenda is the third portion, the<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new opinion editorial by an influential conservative think tank pulls no punches as it attacks what remains of President Joe Biden\u2019s \u201cBuild Back Better\u201d agenda, calling the current iteration of the plan an inflationary \u201cboondoggle\u201d that would harm consumers by imposing price controls on common pharmaceuticals. On Thursday, the Heritage Foundation published a new [\u2026]<\/p>\n","protected":false},"author":384,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1571914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1571914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1571914"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1571914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1571914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1571914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1571914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}