Connect with us

Hi, what are you looking for?

Business / Economy News

Rick Scott: ‘Reckless Government Spending Causes Inflation’

On Tuesday, following the latest Consumer Price Index (CPI) release from the Bureau of Labor Statistics (BLS), U.S. Sen. Rick Scott, R-Fla., pointed to “the Biden administration’s reckless tax-and-spend agenda that has driven inflation to record highs.”

“March CPI data shows that there has been a significant increase in inflation every month of Biden’s presidency. Year-over-year consumer prices increased 8.5 percent in March. This is the largest annual increase in inflation since 1981 – marking a 40-year high under Joe Biden’s failed leadership,” Scott’s office insisted.

“Today’s CPI numbers should be a big wakeup call for Joe Biden, but we know nothing will change,” Scott said on Tuesday. I have been sounding the alarm on Joe Biden’s raging inflation crisis for more than a year, but while inflation skyrockets higher each month, Biden and his incompetent lackeys remain missing in action. Again and again, I have questioned Biden’s appointees in committee – but they can never answer my questions. Even Biden’s top three officials at the Office of Management and Budget, the very people responsible for crafting his budgetary policy, have been shockingly unable to answer simple questions about the fiscal crisis created by this failed administration.

“Since they won’t acknowledge the facts, I will: reckless government spending causes inflation. As long as Joe Biden is in office, families will continue to suffer, debt will keep climbing and prices will skyrocket even higher,” Scott added.

According to the CPI release, price increases over the year include:

All items (excluding food and energy): +6.5 percent
• Food: +8.8 percent
• Gasoline: +48.0 percent
• Electricity: +11.1 percent
• Meat: +14.8 percent
• Milk: +14.5 percent
• Baby Food: +10.8 percent
• Public transportation: +14.9 percent
• Rent: +4.4 percent

Author

  • Kevin Derby

    Originally from Jacksonville, Kevin Derby is a contributing writer for Florida Daily and covers politics across Florida.

    View all posts

Archives

Related Articles

Advertisement
Florida Daily
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

HOW WE COLLECT E-MAIL INFORMATION:

If you sign up to subscribe to Florida Daily’s e-mail newsletter, you will provide us your e-mail address and name, voluntarily, and we will never obtain any of your contact information that you don’t voluntarily provide.

HOW WE USE AN E-MAIL ADDRESS IF YOU VOLUNTARILY PROVIDE IT TO US:

If you voluntarily provide us with your name and email address, we will use it to send you one email update per weekday. Your email address will not be given to any third parties.

YOUR CONTROLS:

You will have the option to unsubscribe to our E-mail update at anytime by clicking an unsubscribe link that will be provided in each E-Mail we send.