Senator Rick Scott (R-FL) presented his weekly update on the “Biden Inflation Crisis” – also known to some as simply “Bidenflation.”
The Bureau of Economic Analysis provided its Personal Consumer Expenditures (PCE) report for April which showcased a 4.4% increase in the price of goods and services over the year.
Sen. Scott’s press release attributed the inflation crisis to President Biden and the Democratic Party’s “socialist policies and reckless spending.”
“The PCE data released today is further proof that President Biden’s inflation crisis, caused by his and Democrats’ socialist policies and reckless government spending, continues to wreak havoc on the economy and shrink budgets for families as the prices of everyday goods continue to skyrocket,” the press release stated.
“I have said it before, and I will say it again: reckless government spending causes inflation. The events that have unfolded recently are further proof that we have real and serious economic issues at hand…Families are being forced to dip into their savings just to keep up with rising costs,” said Sen. Scott.
He would go on to mention that the ways of Washington cannot continue.
“We cannot continue to make reckless decisions that will saddle future generations with debt. We have to come to an agreement and get this country back on the path of fiscal sanity. We cannot continue to raise taxes, and we certainly cannot continue spending the way Washington has been…The time for fiscal sanity is now," stated Scott.
Now that a debt ceiling agreement has been reached, Democratic and Republican legislators from the state of Florida have issued their comments regarding the news.
Representative Jared Moskowitz (D-FL) stated he was "happy" the agreement was reached, and he was "looking forward to reading the bill."
— Jared Moskowitz 🟧 (@JaredEMoskowitz) May 28, 2023
"I am happy to hear that @SpeakerMcCarthy and @POTUS have reached a deal to prevent Default for the American people. I look forward to reading the bill," said Rep. Moskowitz.
Representative Brian Mast (R-FL) spoke on Fox News after the deal was cut, warning fellow members of Congress to ask themselves if capping spending and instituting a one-year freeze on hiring 87,000 Internal Revenue Service (IRS) agents was worth raising the debt ceiling.
Is capping spending worth raising the debt ceiling? Is a one-year hiring freeze for 87,000 IRS agents worth raising the debt ceiling?
These are the questions every Member needs to evaluate ahead of this week’s vote.
— Rep. Brian Mast (@RepBrianMast) May 28, 2023
"Is capping spending worth raising the debt ceiling? Is a one-year hiring freeze for 87,000 IRS agents worth raising the debt ceiling? These are the questions every Member needs to evaluate ahead of this week’s vote," Rep. Mast stated.
The Republican-controlled House of Representatives passed the Limit, Save, Grow Act to address the debt ceiling, but it never made it out of the Senate.