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

January 12, 2024

WASHINGTON, D.C. – Today, following the latest announcement from the Bureau of Labor Statistics showing PPI increased in December, Senator Rick Scott released a weekly update on his actions to address America’s debt crisis and rising inflation. This week’s data showed inflation continued to rise over the year and since Joe Biden became president, CPI has risen 17.4% and PPI has risen 17.1%.

Yesterday, following the latest CPI announcement by the BLS, Senator Scott released the following statement.

Senator Rick Scott said, “The U.S. national debt has officially reached a record high of more than $34 TRILLION. Debt matters because it fuels inflation and makes it harder for the federal government to do the things it promised to do for families across the country—like build roads and fund Social Security, Medicare, Medicaid, and national defense. Floridians know that the debt and inflation crises we find ourselves in today were 100% preventable—and they can feel it costing them thousands of dollars per year. But unfortunately, thanks to the Biden administration’s reckless tax-and-spend agenda, hardworking families are forced to pick up the bill. He has abandoned things that should be a priority, and the fact that Biden doesn’t care to fix them is borderline criminal. As Congress considers its funding priorities, we must be sure to be fiscally responsible and hold this administration accountable for the damage they have done. I won’t stop until Washington actually works for the American people, and not in the interests of disastrous policies that are bankrupting families in Florida and across the country.”

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. Click HERE for a comprehensive list of his statements and actions on this urgent issue and HERE for Senator Scott’s Quarterly Economic Snapshot. 

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