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

May 17, 2024

WASHINGTON, D.C. – Today, Senator Rick Scott released a weekly update on his actions to address America’s debt crisis and rising inflation. This week, reports from the Bureau of Labor Statistics showed that the federal government’s key inflation indicators, the Consumer Price Index (CPI) and Producer Price Index (PPI), rose—causing even more strain on the budgets of American families and small businesses. Since President Joe Biden took office, CPI inflation is up 19.9%, while PPI inflation has risen 19.4%. Earlier this week following the PPI announcement, Senator Scott released the following statement.


Senator Rick Scott said, “Today’s PPI inflation report is further proof that President Joe Biden doesn’t care about hardworking Americans. Look at where our country is today: PPI inflation is up 19.4% since Biden took office, more Americans are working multiple jobs to make ends meet, businesses are closing and the American Dream is being traded in for more reckless spending in Washington. That’s the future Biden wants for America. With Biden at the helm, Democrats have made it clear that they want more government, more spending, more debt, higher taxes and they don’t care one bit if that means less freedom and opportunity for you. I grew up in public housing, and my mom raised me to believe that I was the luckiest kid in the world because I got to grow up here where anything is possible if you work hard enough. We have to protect that dream for our kids. I won’t stop fighting against Democrats’ tax-and-spend agenda and to protect our American Dream before it is destroyed.”


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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