(DAILY CALLER) – Massive government spending has decreased the value of the American dollar and triggered increased consumer prices, which economic experts said will only get worse.
Americans will continue to see higher prices across the board, from food and gasoline to home appliances and cars, as the federal government continues to propose more stimulus into the economy without an adequate plan to pay for it, according to several experts. Even if the government doesn’t pass legislation increasing taxes, higher prices ultimately amount to an “inflation tax,” some of the experts said.
“Over the past few months, we have seen an inflation rate that is much higher than where we’ve become accustomed to,” Heritage Foundation research fellow Joel Griffith told the Daily Caller News Foundation. “When we are going to the grocery store, going to the gas station, building our new home, we’re noticing that prices are really accelerating at a much faster clip than what we’re used to.”
via wnd
Consumer prices outpace Americans’ wage growth as inflation surges
Biden is not doing anything to stop the prices of gas and food from going up which hurts every one but mostly those on fixed incomes
Stop it? He created it. Just like coonboy did.
This has been the ”LIBERAL’S Plan” all along in the Biden Admin. To keep people DEPENDANT on the Govt. IMHO, this is the ”3rd Term of Obama”, only moving F-A-S-T-E-R before the mid-term elections next year..
This is the Great Plan of the Democratic Party? To raise minimum wage to $15/hr and devalue the U.S. Dollar with hyper-inflation! The value of the dollar will destroy any increase in the minimum wage to where we will be lucky if an hours wage will buy a stick of gum. The hypocrisy of the left is so obvious that even a brain dead Biden couldn’t help but see it.
Everyone knew this was coming it’s repeat of 2008.