WASHINGTON, D.C. – Today, Senator Rick Scott released the following statement after the New York Times revealed that the Biden Administration is privately wary of the threat of inflation due to President Biden’s massive spending plans, while publicly brushing off the issue.

Senator Rick Scott said, “While officials in President Biden’s own Administration have reportedly expressed private concern about the impacts their massive spending plans will have on inflation, Biden, Treasury Secretary Janet Yellen and the Democrats continue to play down this threat publicly. They are lying in public, while privately worrying about the same issue I’ve been sounding the alarm on for months. It’s a disgusting betrayal of the trust of the American people. When inflation rises, the prices of everyday goods go up. I grew up poor and I know how much it means to a family when prices go up. It seems Biden and the elitist left couldn’t care less. It’s time for Biden to acknowledge this threat is real, understand that his reckless spending has consequences and address the risk of runaway inflation now.”

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: