A flurry of reports show how families are feeling the pinch under record inflation fueled by Democrats’ spending binge.
According to the Labor Department, prices increased in August at 8.3% for the year, the highest “since record keeping began.”
Meanwhile, Bank of America is warning “stagflation” is coming – an economic condition not seen since the era of Jimmy Carter – as rent, groceries, and more all increase at rates rarely seen before in history.
Of course, Democrats won’t let that get in the way of their plan to spend another $3.5 trillion that will only exacerbate the problem.
“Democrats are on a spending binge that already has families scrimping to make ends meet and adding another $3.5 trillion will only make the pain families are feeling all the worse,” said CLF Communications Director Calvin Moore. “Families need relief from rising prices, not new tax hikes and trillions in new spending that will only take even more from their already thin-stretched paychecks.”