WASHINGTON, D.C. – In case you missed it, Senator Rick Scott and Senator Phil Gramm wrote an op-ed for the Wall Street Journal on how President Joe Biden and the Democrats’ reckless spending plans are already causing inflation to rise, hurting American families and the U.S. economy.
In the op-ed, Senator Rick Scott and Phil Gramm wrote, “… The end of the pandemic isn’t only unleashing the pent-up demand of the pre-shutdown economy. It is opening the floodgate to a torrent of spending fueled by fiscal and monetary stimulus not seen since the Civil War.
The U.S. economy clearly has the power to iron out the natural problems of restarting production, but the very nature of the subsidies in the $6 trillion Biden administration stimulus, relief and infrastructure bills constrain production. In its modern incarnation, socialism denies that government incentives and constraints have anything to do with people’s decisions to work, save and invest. Experience teaches otherwise…”
Read the full op-ed in the Wall Street Journal HERE.