Press Releases

Sen. Rick Scott Issues Weekly Update on Biden’s Inflation Crisis

August 13, 2021

WASHINGTON, D.C. – Today, Senator Rick Scott released a weekly update on his actions to address America’s debt crisis and rising inflation. As the wasteful, reckless spending of the Biden administration and congressional Democrats leads to growing inflation and rising prices of every day goods, Senator Scott is urging the president to end his failed economic policies and address rising inflation on American families.

 

This week, the Bureau of Labor Statistics released its latest Consumer Price Index (CPI) and Producer Price Index (PPI) reports for July 2021. Annualized, monthly CPI and PPI growth rates in July reached 5.9% and 13.1%, respectively. Following the PPI data release yesterday, which showed prices increased 7.8% in July – a rise from the 7.3% increase reported for the 12-month period ending in June 2021 and the largest 12-month increase since 12-month data were first calculated in 2010, Senator Scott released the following statement:

 

Senator Rick Scott said, “Inflation has gone up every month of Biden’s presidency thanks to insane government spending. Families in Florida and across the nation are struggling to make ends meet as the prices of everyday goods go up. But instead of addressing Biden’s inflation crisis, Democrats in Washington have decided the answer is MORE reckless spending. Yesterday, Senate Democrats unilaterally pushed through a $5.5 trillion tax-and-spending spree that will drive the federal debt to more than $45 TRILLION by 2031. It’s time Biden admits that his party’s liberal wish list is destroying our nation, and it’s time he does something about it.”

 

Earlier this week, Senator Scott joined Senators Mike Lee and Ron Johnson in a press conference highlighting how Senator Bernie Sanders and Senate Democrats are putting America’s children on the hook for their socialist agenda. On Wednesday, Senate Democrats, led by Bernie Sanders, passed their $5.5 trillion reckless tax-and-spending spree without a single Republican vote, further fueling America’s raging inflation crisis and driving U.S. debt to $45,000,000,000,000 by 2031. See more in the video HERE or below.

 

 

Since being elected to the U.S. Senate, Senator Scott has repeatedly urged action to address America’s debt crisis and the harmful effects of inflation:

 

See more from this week on Twitter:

 

 

 

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