McConnell: Dems 'Big Idea' is to 'Inflate Their Way Out of Inflation'
According to reports, inflation is hitting decade-long highs under the Biden administration.
As left-wing outlets continue to cover for this out-of-control spiral, Sen. Mitch McConnell is making sure the American people knows who’s at fault — Democrats.
Sen. Mitch McConnell: “The Democrat’s big idea is to try and inflate their way out of inflation.” pic.twitter.com/XuBsfoK7oE
— The Hill (@thehill) July 15, 2021
“On Democrat’s watch, inflation has turned a 3.6 percent annual pay raise for Americans into a nearly 2 percent pay cut,” McConnell said.
“And yet, in a spectacle that could only occur in Washington, Democrats picked the very same week to announce they want to tax, borrow and spend yet another, listen to this, $4 trillion in the coming weeks. Yet another budget-busting socialist package twice as big, twice as big as the last one.”
McConnell made his comments in regards to a massive $3.5 trillion budget resolution, the details of which were announced by Democrats on Thursday according to the New York Post.
“I’m sure this is just what working Americans want to here,” McConnell said.
“They are already struggling to keep up with the soaring costs of gas, groceries, diapers, housing, automobiles, you name it.”
“And now, the Democrats big idea is to try and inflate their way out of inflation.”
The inflation problem is indeed becoming a major issue.
According to a Bureau of Labor Statistics report, in June the consumer price index saw its largest increase in 1 year, rising 5.4 percent over the last 12 months.
As this problem continues to worsen, some left-leaning outlets and left-wing politicians have argued for inflation’s supposed benefits.
For example, one recent CNBC article ran a headline that read “The upside to inflation: rising wages.”
After a large number of readers and critics pointed out that the rising costs and prices far outweigh these wage increases, CNBC changed the headline.
Unless Democrats address the inflation problem, the American economy is likely to continue its current rate of deterioration.