December 10, 2021
WASHINGTON – U.S. Senator Roy Blunt (Mo.) released the following statement after the Bureau of Labor Statistics released data showing that inflation has surged to a near 40-year high at 6.8%:
“The inflation data released today backs up what any hardworking American will tell you: it is getting harder and harder to make ends meet in the Biden economy. Missouri families are paying more for the things they need every day – food on the table, clothes for their kids, gas to get to work, and energy to heat their homes. Higher costs are hitting low-income families the hardest. The last thing they can afford is more reckless spending that will push inflation up even further, but that’s exactly what Democrats are determined to do.
“As Democrats continue pressing forward with their reckless tax-and-spend spree, the Congressional Budget Office is out with a new report that shows the real the cost of the bill could add $3 trillion to the debt over the next 10 years – a far cry from the $0 Democrats repeatedly claimed it would cost. What’s worse, the bill’s estimated $4.9 trillion price tag includes tax cuts for the wealthy in places like New York and California.
“The Biden administration inherited an economy that was already well on its way to recovery. Despite warnings that pouring more money into the economy would fuel inflation, they moved forward with a $1.9 trillion spending bill in March without a single Republican vote. Economists from both parties have pointed to that bill as a major cause behind the inflation we’re seeing today. Democrats need to stop doubling down on their failed policies before they make a terrible economy even worse.”