Biden is now the biggest threat to the economy he claims to be rebuilding…
Americans are worried about his spending plans because they only end in one future – severe economic inflation. Biden wants to use our country’s funds for infrastructure, education, health care, and more.
However, he is planning a $6 trillion budget for everything, the largest proposed budget this country has seen in years…the costs to fund these infrastructure projects are projected to push federal spending to its highest sustained levels since World War II.
Inflation for next year is projected to increase drastically as a result. In fact, it grew by 5% in just one month last June, the sharpest increase our economy has seen in 13 years.
A Monmouth University survey shows that most Americans don’t like what’s happening to the prices of goods. Respondents expect prices for all commodities to increase over the next year.
- 47% said that they were very concerned that the Biden spending plans will lead to spiraling inflation
- 24% said that they were somewhat concerned
Another Survey from Monmouth University tells how much Biden’s policies and spending plans have helped the middle class.
- 36% said not at all
- 32% said a little
- 19% said yes
Monmouth University polling director Patrick Murray shared his thoughts about the survey results. He said, “Right now, Biden is not quite meeting the public’s expectations for helping the middle class. His calculation may be that the country is willing to accept some price increases in return for a more robust economy and wider array of support programs.”
But Biden is only thinking about the wealthy 1%, who have the disposable income to afford these kinds of price increases.
Real American families have noticed that inflation rates are rising at a frightening pace. The prices of gas, food, cars, and building materials are reflecting this reality… and it’s becoming more difficult to sustain our standard of living.
The failing condition of our country’s economy is not a natural occurrence. It’s the result of a failed monetary policy from Biden.
Chief global economist and strategist Allen Sinai shared his thoughts. He said, “As workers return to the labor force and American consumers rush to spend months of pent-up savings accrued during the pandemic, the risk of overheating is now the greatest hazard for the U.S. economy.”
Inflation is affecting our economy more directly than we might realize. Higher interest rates means fewer people who are able to afford loans on cars and houses. Rapid inflation also makes the price of goods far more volatile and difficult to value.
The Biden administration is giving us a nightmare. This is what happens when we allow an incompetent fraud to take the seat of President Trump. We are getting closer to witnessing the destruction of America.
Taxes and inflation are the two greatest wealth wreckers… Keep in mind we’re inviting massive inflation to our doorstep when we print billions of dollars out of thin air. Everyone but the dems seem to understand this basic concept.
Biden’s leadership is only becoming more questionable with each irrational decision he makes…
Is inflation the goal of the Biden administration? Higher costs mean more tax revenue for the government… and the corrupt liberals who now have more money to line their pockets.
Are they planning to achieve income equality by making everyone (but the politicians) broke? A big part of the Russian Revolution was the severe income disparity between the aristocrats and the general population… Is Biden planning to do this to America as well?
Last month’s inflation statistics should be alarming. The latest inflation numbers are clear warning signs that Biden’s policies are on a non-stop train to ruining our economy.
Biden should put the brakes on before the inflation rises any more, that is if he’s really sincere in helping our economy grow.
