By
Ryan E.
|
November 5, 2022

Joe's Spending Creating Vicious Bidenflation Cycle

If you need another sign we're right in the middle of Joe Biden's America, you just got it.

Americans can't even afford their heating bills this winter.

Republican Senator Kevin Kramer recently stopped by Fox. While there, the man from North Dakota explained exactly why Joe Biden is so bad for America:

His spending creates a vicious cycle of Bidenflation. The way Dems are trying to deal with it? More spending. It's a plan that makes sense, until you think about it.

Cramer explained that "Even if you don’t understand energy, if you just understand supply-side economics a little bit, you’d understand that discouraging supply and increasing demand is going to bring up the price."

"If you discourage further production, that the companies will have less to do with their money. They can’t reinvest it," he continued. "You won’t let them reinvest it. So, it’s all very peculiar. And, like I said, I think it’s desperate."

"I’m not sure the president understands economics 101. But certainly, the treasury secretary should understand it. So, no, it’s very frustrating. But throw on top of that, now they want to give a whole bunch of money to people so they can pay their rising heat costs this winter, which are going to be, perhaps, as much as 50% or more higher than last year because of their policies, and then they’re going to put more money into it, which, of course, again, free money, oversupply of cash, just brings the price up even more."

He concluded by saying "that’s not to say people don’t need the help. They’re going to need the help, but they’d rather have lower prices."

To read more about this story, click on the source here.

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