Posted on Jul 16, 2021
Swing-District Dem Says Party's Stimulus Spending Drove Inflation - Washington Free Beacon
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As consumer prices in the United States jumped to record levels—and as congressional Democrats planned a multitrillion-dollar infrastructure proposal—Rep. Kim Schrier (D., Wash.) said her party's costly stimulus spending drove inflation.
Schrier acknowledged during a June telephone town hall that Democrats' coronavirus stimulus spending led to "a lot more people buying things," which she said will "cause prices to go up." She made the statement after a constituent asked the Democrat "what's being done about inflation with the government spending gobs and gobs of money," expressing concern the trend "devalues the currency" and "makes wild swings in commodities."
While Schrier argued sky-high inflation "should settle down," economists surveyed by the Wall Street Journal in July contended price increases are "here to stay for years." The trend could hurt Schrier—a swing-district Democrat who held her seat by a slim, 3-point margin in November—as she looks to fend off another tough reelection challenge in 2022. A July poll in New Hampshire found 83 percent of voters are concerned about inflation.
Schrier acknowledged during a June telephone town hall that Democrats' coronavirus stimulus spending led to "a lot more people buying things," which she said will "cause prices to go up." She made the statement after a constituent asked the Democrat "what's being done about inflation with the government spending gobs and gobs of money," expressing concern the trend "devalues the currency" and "makes wild swings in commodities."
While Schrier argued sky-high inflation "should settle down," economists surveyed by the Wall Street Journal in July contended price increases are "here to stay for years." The trend could hurt Schrier—a swing-district Democrat who held her seat by a slim, 3-point margin in November—as she looks to fend off another tough reelection challenge in 2022. A July poll in New Hampshire found 83 percent of voters are concerned about inflation.
Swing-District Dem Says Party's Stimulus Spending Drove Inflation - Washington Free Beacon
Posted from freebeacon.com
Posted 3 y ago
Responses: 3
SPC Kurt Hesselden
3 y
First time i have seen Medicare and Social Programs lumped in with roads and bridges as Infrastructure. I suppose you have to be a moron like AOC to see it.
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Rep. Alexandria Ocasio-Cortez praised the $3.5 trillion infrastructure package passed by Senate Democrats, calling it a "progressive victory."
Earlier this week, Senate Democrats agreed on a $3.5 trillion reconciliation package to expand Medicare and strengthen social-safety-net programs, skirting GOP opposition to using more federal spending.
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https://www.msn.com/en-us/news/politics/rep-alexandria-ocasio-cortez-praised-the-2435-trillion-infrastructure-bill-as-a-progressive-victory/ar-AAMd5kX
---------------------------- (excerpt from link)
Rep. Alexandria Ocasio-Cortez praised the $3.5 trillion infrastructure package passed by Senate Democrats, calling it a "progressive victory."
Earlier this week, Senate Democrats agreed on a $3.5 trillion reconciliation package to expand Medicare and strengthen social-safety-net programs, skirting GOP opposition to using more federal spending.
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https://www.msn.com/en-us/news/politics/rep-alexandria-ocasio-cortez-praised-the-2435-trillion-infrastructure-bill-as-a-progressive-victory/ar-AAMd5kX
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Posted 3 y ago
The more money the government spends that they don't have the more inflation will rise, just basic economics.
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