Everything the Biden administration is doing has the effect of increasing the cost of living, according to Center of the American Experiment President John Hinderaker.
“Right now we’ve got this, I think it’s about a $250 billion bill to subsidise the chip industry, apparently Senator Manchin has signed on to a scaled down version of Build Back Better that is countless hundreds of billions of dollars,” Mr Hinderaker said.
“But all of this is more deficit spending – this is pumping out hundreds of billions of dollars behind which there is no economic reality – the only thing that can do is increase inflation.
“Everything the Biden administration is doing has the effect of increasing the cost of living, not decreasing it.”
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