No freedom in this formula
AP reporter Fatima Hussein writes (June 4), “President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional Budget Office.’
So, does Congressperson Moran wish to revise his statements reported in the Longview News-Journal (news story, June 6)?
Inflation plus “shrinking the economy” plus “reducing the purchasing power of households” sounds like the formula for “stagflation.” To me, stagflation means fewer jobs available while the cost of everything increases. Or, maybe it’s the formula for a decades-long recession. Moran is wrong — there is no fr