Sen. Rick Scott Issues Weekly Update on Biden’s Inflation Crisis
February 17, 2023
WASHINGTON, D.C. – Today, Senator Rick Scott released a weekly update on his actions to address America’s debt crisis and rising inflation following the Congressional Budget Office’s (CBO) Budget and Economic Outlook report which noted that over the next 10 years the federal debt will skyrocket to more than $45 TRILLION, unemployment will increase significantly this year and economic growth will continue to slow. Importantly, the report noted that Congress and the president have at least five months to negotiate a thoughtful plan which stops reckless spending and returns America to the path of fiscal sanity. Additionally, the Bureau of Labor Statistics (BLS) released Consumer Price Index (CPI) and Producer Price Index (PPI) numbers for January, which showed inflation continued to rise. Since Joe Biden became president, CPI has risen 14.4% and PPI has risen 16.7% over the past two years.
Earlier this week, following this staggering announcement by the CBO, Senator Scott released the following statement.
Senator Rick Scott said, “The left, the big government crowd and even Wall Street, has found a very clever way to keep America forever stuck in a vicious tax-and-spend cycle where spending always goes up, debt always goes up. If you dare to disagree – they assert that ‘you are the problem’ and you are advocating that America default, sending the world into free-fall and causing biblical plagues that even Moses would flinch at. Rivers of blood, locusts, frogs, you name it. We all know that’s a lie and no one is buying it. Today, the CBO made clear what I’ve been saying for weeks – Congress has MONTHS to craft a plan that gets America’s fiscal house in order, stops reckless spending and prevents a default. Long before President Biden’s cheap stunt at the State of the Union, Republicans have been clear that we would fight to protect and preserve Social Security and Medicare. Those are totally off the table in these discussions. Now, if the president wants to get serious, he needs to come to the negotiating table. It’s time for behavior change in Washington. There is no excuse for inaction and I look forward to working with my colleagues in the House to get something done.”