How Biden's Agenda Is Causing Inflation
The Consumer Price Index (CPI) tracks the cost of everyday items. It's jacked up a whopping 6.8 percent over the past year, the biggest increase in almost 40 years. Gas is up 51 percent, beef is up 20 percent, and furniture by 11 percent.
Joe Biden is looking reminiscent of the 38th president, and not simply because he also has trouble with airplane steps.
Even worse, Biden and crew are delusionally pronouncing that we can tame inflation by pumping massive amounts of government money into the economy—a course of action that will almost certainly make everything more expensive. "What this package will do is lower some of the most important costs, what [families] pay for health care, for child care. It's anti-inflationary in that sense," said Treasury Secretary Janet Yellen in defense of the recently passed $1.2 trillion infrastructure bill and promises of even-bigger bills related to the president's "Build Back Better" agenda.
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