“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: spending 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.
"The Biden administration and its allies are asking Americans to pay for their failed programs twice: once with taxes from workers’ personal paychecks and again at gas pumps and grocery stores."
"In their reporting on the Democrats’ socialist spending bill, the New York Times said it would 'touch virtually every American’s life, from conception to aged infirmity.'"
benefit of the committee process, we fear that it will be the lobbyists and special interests who will have written a multi-trillion package rather than the people’s elected representatives.”
“This monstrous spending package recklessly increases what was already the highest sustained spending spree in American history. It asks taxpayers, their children, and grandchildren to pay for radical socialist proposals that will harm our economy now and obliterate economic prosperity in the future."
Senate Democrats may encompass the rewriting of business, international, energy, housing, and other significant structural elements of the tax code, along with sweeping changes to our nation’s health programs, federalization of unemployment insurance, and more. Unfortunately, the scope and substance of this legislation remains unclear, as Democrats have chosen to write and discuss the bill in secret, with no Republican input or consultation.
Biden already spent $1.9 trillion and is now looking to spend $3.5 trillion more on his and Democrats’ reckless socialist spending spree.
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.
DonnyFerguson.com 