The Biden administration’s economic policies have been a source of growing concern for most Americans as the country grapples with inflation, rising costs, and a looming debt crisis.
Florida Senator Rick Scott, a vocal critic of the administration’s “Bidenomics” agenda, has been at the forefront of the fight to address these pressing issues.
In the wake of the latest Producer Price Index (PPI) report, which reveals a staggering 19.8% increase in inflation since Biden took office, Scott has once again called for urgent action to rein in the administration’s reckless spending and restore fiscal sanity.
Read: Florida Sen. Rick Scott Intro’s Comprehensive Plan To Curb China’s Exploitative Practices
“Joe Biden is clearly clueless to the suffering that Bidenomics and the high prices and record inflation it has caused are forcing on American families and small businesses. When war is raging around the world, U.S. debt is about to explode over $35 trillion, and PPI inflation has grown by 19.8% under Biden’s administration, having an incompetent president is not just disturbing; it’s dangerous,” said Scott.
The Alarming PPI Data: A Damning Indictment of Bidenomics
The latest PPI report from the Bureau of Labor Statistics paints a bleak picture of the economic landscape under the Biden administration. The data shows that prices across a wide range of sectors have skyrocketed, with year-over-year increases in June reaching alarming levels:
- Eggs: +98.6%
- Pork: +19.5%
- Hardware: +11.0%
- Dairy Products: +6.2%
- Chicken: +6.1%
- Coffee: +6.0%
- Home Heating Oil: +5.8%
These staggering price hikes have burdened American families and small businesses, forcing many to make difficult choices to make ends meet.
Read: Florida Sens. Scott And Rubio Rip Biden For ‘Election-Year Gimmick’ On The Border
“Americans know that Biden can’t fix the damage he’s done because he has totally lost his ability to lead our country and is wildly out of touch with reality. Whether it’s seniors coming out of retirement to pay bills, families skipping meals to save money, or people taking on multiple jobs just to survive, Biden has failed hardworking Americans in Florida and across the nation with a terrible Bidenomics agenda. It’s time for new leadership in the White House that will demand fiscal sanity with a balanced budget and finally end the reckless spending that is threatening to destroy our country,” said Scott.
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