At the beginning of the Biden administration, Washington Democrats insisted it was necessary to spend trillions of dollars to jump-start the economy and combat COVID, despite analysis from the Congressional Budget Office that showed the economy was well on its way to recovery.
In just a few short months after Democrats enacted $2 trillion in deficit spending, prices began to spike, the purchasing power of paychecks shrank, and supply chains crumbled. What the public was witnessing, the White House said, was not the early signs of rampant inflation but a historic economic recovery. But working families correctly sensed something was not right with the economy.
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