In his opening statement at this week's U.S. Senate Banking Committee hearing, Ranking Member Pat Toomey (R-Pa) said that the Biden administration’s extreme Leftist policies and the Democrats’ reckless spending has contributed to the highest inflation in 31 years. Senator Toomey also reiterated his longstanding view that the Fed should have begun tapering its asset … Continue reading Toomey: Reckless Dem spending rockets inflation to highest level in 31 years
U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks on the Senate floor regarding Democrats’ reckless tax and spending spree: “Why do our Democratic colleagues want to shortchange our national defense? To free up their time and attention for another massive, reckless taxing and spending spree. A radical wish list that would hurt … Continue reading Elitist Democrats cram more inflation down struggling families’ throats
Economic indicators released Wednesday show that U.S. annual inflation hit a more than three-decade high in October. The economy continues to suffer from the Biden administration’s reckless spending and federal regulations that stifle any opportunity for growth. Joel Griffith, research fellow in Heritage’s Roe Institute for Economic Policy Studies, made the following statement in response to the dismal economic indicators: “The cost of living increased at the steepest rate in more than three decades this … Continue reading Here’s how Biden inflation is robbing you
Bad news for consumers – prices rose 0.9 percent in October and to a 30-year high, according to data released today by the Labor Department. CEI Senior Fellow Ryan Young explains ways policymakers can help tamp down on inflation: “Inflation increased yet again. Inflation is what happens when the supply of money grows faster than … Continue reading Inflation hits record highs, here’s what politicians can do to stop it
Americans for Limited Government President Rick Manning issued the following statement in response to inflation rising to 6.2 percent annualized per the Bureau of Labor Statistics: “The Labor Department’s measurement of price increases in the month of October showed an annual increase of 6.2 percent led by energy inflation which have jumped by 30 percent … Continue reading Inflation explodes to 6.2 percent annually as Congress jacks up spending
With inflation on pace to reach its highest level in nearly forty years, President Biden and Washington Democrats are attempting to ram through a 2,400 page, multi-trillion tax and spending agenda that will all but guarantee to fuel the fire of inflation and further harm working families.
There is one thing every American can agree on: The cost of everyday goods has skyrocketed, and paychecks seem to be shrinking. While workers, families, and job creators clamor for answers about when these astronomical prices will come back down to earth and when the supply chain woes will end, Joe Biden and his administration … Continue reading Biden admin says Americans should learn to live with inflation, but vows to stop ‘climate change’
The Democrat majority in both houses of Congress is paper-thin, but their party is being torn in two over a $3.5 trillion (really $5 trillion) socialist tax and spending spree that is neither popular with the American people, nor has the support of their full party.
Buttigieg said the issues causing inflation to skyrocket will “certainly” continue into next year. But his explanation for why prices continue to rise was bizarre and mostly false.
Rising prices for everyday goods are being turbocharged by Congress spending money it simply doesn’t have.