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Saturday, November 23, 2024

Senator Rick Scott Posts a Weekly Update on Biden's Inflation Crisis

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Senator Rick Scott | Senator Rick Scott Website

Senator Rick Scott | Senator Rick Scott Website

WASHINGTON, DC – Senator  Rick Scott released a weekly update on his actions to address the US debt crisis and rising inflation after the Bureau of Labor Statistics (BLS) released the Figures from the Consumer Price Index (CPI) and the Producer Price Index (PPI) for March showed that inflation continued to rise. Since Joe Biden took office, the CPI has increased 15.4% and the PPI 16.7% in the last two years.

Earlier this week, following the BLS's latest CPI announcement, Senator Scott issued the following statement.

Senator Rick Scott He said: “I grew up poor, living in public housing, and watched my parents struggle to support us. I think about that and what my mom went through every day as I travel across Florida and hear from families about how inflation is making it nearly impossible to make ends meet. Since Joe Biden took office, inflation has risen 15.4% and has remained extraordinarily high. Now, by ignoring the opportunity to fix this with the debt limit, Biden is showing that he has no plan to put America's fiscal house in order. We cannot accept that. Now is the time for structural spending reforms that will restore fiscal sanity to America. Now is the time to make sure Americans are back to work and put real work requirements into federal programs. Now is the time to cut red tape so American businesses can prosper again and break free from the red tape of burdensome Washington regulations. If we don't do these things, stop reckless spending, balance the budget, and grow our economy, inflation will continue to plague the bank accounts of families everywhere. American families deserve better than this broken status quo." inflation will continue to plague the bank accounts of families everywhere. American families deserve better than this broken status quo." inflation will continue to plague the bank accounts of families everywhere. American families deserve better than this broken status quo."

Since being elected to the US Senate, Senator Scott has repeatedly called for action to address the US debt crisis and the damaging effects of inflation. Click HERE for a full list of his statements and actions on this urgent issue. Also, click HERE for Senator Scott's monthly economic summary.

Original source can be found here.

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