“The PPI is often seen as a leading indicator of what is to come, and today’s high reading indicates inflation is much higher than the Fed’s longtime target inflation rate of about 2 percent. High inflation is bad news for the near future."
Tag: inflation
8.3% is the highest such inflation number ever recorded since the metric began...this beats the previous record of 7.8% set last month. It’s clear that, unlike what President Biden says, the rise in inflation is absolutely not transitory.
Biden already spent $1.9 trillion and is now looking to spend $3.5 trillion more on his and Democrats’ reckless socialist spending spree.
Democrats would rather create good-paying energy jobs overseas than here in the U.S.
Democrats are in complete control. They have all the capabilities of increasing the debt ceiling to accommodate their reckless spending.
86% of voters are concerned about the cost of goods, and 79% of voters squarely blame Democrats’ economic policies.
The bill’s supporters deceived the public into thinking their bill was ‘paid for’ by using smoke-and-mirror gimmicks.
They want to begin pushing through a reckless taxing and spending spree that was authored by our self-described socialist colleague Chairman Sanders.
The mammoth bill does more to hamstring innovation and impose new government spending than to improve actual infrastructure.
U.S. Sen. Ted Cruz (R-Texas) today issued the following statement after voting against Democrats' wasteful infrastructure bill: "Too many Republicans just enabled Democrats' efforts to claim bipartisanship, spend over a trillion dollars, and then ram through their $3.5 trillion liberal wish list of crushing taxes and radical spending. The $1.2 trillion infrastructure bill that passed … Continue reading Cruz: $1.2 trillion Biden bill the start of $8 trillion in crazed spending
DonnyFerguson.com 