President Biden and Congressional Democrats’ Far-Left Socialist agenda and out-of-control government spending have caused inflation to skyrocket to a 40-year high. Inflation is a tax on ALL Americans, and because of Biden and Congressional Democrats, Americans are paying more for just about everything while making less.
BIDEN’S ECONOMIC CRISIS BY THE NUMBERS:
Inflation is a tax on ALL Americans.
Inflation has increased every month of Joe Biden’s presidency.
Instead of getting to the root cause of the economic crisis, House Democrats announced a hearing on abolishing the debt ceiling as Americans woke up to the worst inflation rate in 40 years.
Democrats just want an easier pathway for their out-of-control spending and Socialist agenda, which is the cause of the skyrocketing inflation.
Real wages have decreased under Biden 8 out of the 12 months during his first year in office.
Inflation is now costing the average American household an extra $250 a month.
A new NFIB survey shows that 61% of small business owners had to raise prices last month because of President Biden’s inflation crisis, the highest reading since the fourth quarter of 1974.
Now, economists are warning the U.S. is at risk of a wage-price spiral.