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Soaring inflation rate under the Biden administration
#58
Out of control federal spending, as conservatives have warned for may years, results in automatically increased inflation and spending beyond forecasts because of rising interest rates. Eventually, interest on the national debt will eat up most of the money spent by the federal government.

Liberal Democrat politicians will be encouraging Antifa and BLM thugs to take to the streets to protest Supreme Court rulings until election day, but inflation will remain the top issue on election day, along with the billions of dollars of damages caused by rioting, arson, and looting committed by Democrat thugs. 

If you are looking for treason and sedition, look no further than Democrats serving in Congress and in the White House. When Democrats urge violent groups like Antifa and BLM to peacefully protest, they do so with the full knowledge that the criminals will use the protests as an excuse for violence and looting. As the mayhem continues, remember to thank a Democrat for voting for Joe Biden and a straight Democrat ticket. Votes have consequences. 

Democrats own the high rate of inflation, the net shrinkage of wages, and the violence that is only beginning as liberal politicians desperately attempt to hold onto their lucrative positions for which you and I pay.

Quote:U.S. Paying More to Borrow as Fed Raises Rates, Inflation Stays Elevated
Interest costs on national debt are up 30% this fiscal year and could increase more

Yields on U.S. Treasurys are rising as the Federal Reserve lifts interest rates to try to cool inflation, a development that could increase the federal government’s borrowing costs over time to levels higher than currently projected.

Government spending on net interest costs in the fiscal year that began last October totaled about $311 billion through May, a nearly 30% increase from the same period a year earlier, according to Treasury Department data. While the annual federal deficit has narrowed 79% this fiscal year, the higher borrowing costs are a rising government expenditure at a time when other federal spending is declining and tax revenue is increasing.
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RE: Soaring inflation rate under the Biden administration - by Hoot Gibson - 06-26-2022, 12:37 PM

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