Republican Senator Rand Paul of Kentucky blasted the Biden administration for astronomical inflation and stimulus that didn't quite cut it in assisting Americans.
"We've lost more to inflation" than we received from stimulus checks, and we'll "get more inflation," is the gist of Paul's comments.
On a broadcast of Newsmax TV’s "Prime News," Paul discussed the toll inflation is taking on American families.
Paul Confirms Worst
Paul reacted to a report that due to inflation, the average household will have to spend $11,500 more to maintain the same standard of living by saying that "now we’ve lost more to inflation than they gave us in the form of free money."
"Paul predicted that due to the fact that not all the coronavirus relief money has been spent, there will be more inflation as that money is released into the economy," reported Breitbart.
Paul said, "What we know for sure is that now we’ve lost more to inflation than they gave us in the form of free money. The inflation came from the free checks that were passed out. They shut the economy down. They sent free checks to everyone. And they said, oh, this will make up for it. But guess what? When people add up how much they’re paying for gas and the grocery store, it’s canceled out all the free money."
Paul didn't stop there. He added that inflation is not over, and Americans will continue to suffer.
"And I don’t think the inflation’s over by a long shot," Paul said. "There’s still about $2 trillion out there that’s held in the coffers of cities, counties, and state governments that hasn’t been spent yet. As it’s spent and put into the economy, as it chases goods, it’s going to chase the price of our goods higher. We’re going to get more inflation, so this isn’t over."
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