3 ways Biden makes inflation worse

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The recent rail worker settlement reminds us that Joe Biden, far from fighting inflation, is actually enabling price increases, in three important ways. 

First, he will not stop spending. After crowing about the dubious deficit cuts contained in his Inflation Reduction Act, the president decided to cancel student debt to the tune of as much as another trillion dollars.  

According to the nonpartisan Committee for a Responsible Federal Budget, in less than two years Biden has added $4.8 trillion to our long-term debt. That tsunami of government (taxpayer) spending is spurring the highest inflation in 40 years, crushing the well-being of average Americans.

President Biden speaks about inflation and supply chain issues in Los Angeles, June 11, 2022. (AP Photo/Damian Dovarganes)

Second, all the benefits being provided by an unpopular president hoping to buy higher approval ratings, like a 21% increase in food stamp outlays and canceling of student debts, are combining to keep people from having to go back to work. 

PRESIDENT BIDEN ARGUES ABOUT INFLATION IN ‘60 MINUTES’ INTERVIEW: ‘IT HASN’T SPIKED’

The single worst impact of the federal gusher of spending has been sidelining workers, driving up the cost of labor.

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