Senator Rick Scott has voiced his concerns over rising inflation in the latest Producer Price Index (PPI) release from the Bureau of Labor Statistics (BLS) on Tuesday, which showed a 4.6% increase in February over the year. The senator also highlighted that since President Joe Biden took office, PPI has risen 20.6% over the past two years.
In a statement, Senator Scott said, “When I see the monthly inflation reports, I think about my mom. She worked tirelessly to make ends meet and teach us that if you keep working, anyone can live American dream. Sadly, that’s not as true today as it was then. Thanks to Joe Biden’s radical agenda and addiction to reckless government spending, American families are struggling and watching opportunities disappear."
He also raised concerns over the proposed $6.8 trillion budget by the Biden administration that is filled with tax hikes, budget gimmicks, and wasteful spending. According to Senator Scott, "We have $31 trillion in federal debt. We have high inflation, reckless spending, high-interest rates, high credit card debt. Before we know it, the American dream will be dead. And somehow, Biden just doesn’t seem to care."
The PPI release showed that price increases in February over the year included eggs at +38.2%, vegetables at +26.2%, transportation at +22.2%, and construction at +12.0%. Senator Scott has urged Congress to take action to address America's debt crisis and the harmful effects of inflation.
Since being elected to the U.S. Senate, Senator Scott has repeatedly urged action to address America's debt crisis and the harmful effects of inflation. The senator has called for spending reform and fiscal sanity in Washington to get Americans back to work. A comprehensive list of his statements and actions on this urgent issue can be found on his website.
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