Biden’s Favorite Economists Find The Real Cost Of Inflation To Average American Household Is An Extra $175 A Month
Washington, DC,
October 7, 2021
Tags:
Biden's Economic Crisis
President Biden has repeatedly cited the Wall Street firm Moody’s while attempting to sell Americans on his reckless $5.5 TRILLION tax and spend spree. Well, today Biden’s favorite Wall Street firm released a report that found, “for households earning the US median annual income of about $70,000, the current inflation rate has forced them to spend another $175 a month on food, fuel, and housing.” According to Mark Zandi, the chief economist at Moody’s Analytics, “that’s the equivalent of a full grocery, electric or cellphone bill.” BIDEN'S ECONOMIC CRISIS BY THE NUMBERS:
It’s simple: Americans can’t afford Joe Biden. Inflation is taxation and it has gone up every single month of Biden’s presidency. Instead of addressing a root cause of inflation (out-of-control government spending), Biden and House Democrats are ramming through the largest spending package in our nation's history, which will only add fuel to America's skyrocketing inflation. |