America is in another period of stagflation, and what do we have to blame? Runaway spending coming from Washington.
Stagflation is the result of high inflation, high unemployment, and high-interest rates coming together to create a perfect storm of fiscal woes, and unfortunately, America is stuck right in the middle of it.
How did we get to one of America’s worst financial crises in the past 50 years? It’s simple, the Biden administration and the Left have overspent our nation at nearly every opportunity.
Their spending combined with all of America’s expenses over Covid amounted to over $4.5 trillion, and if Democrats had managed to pass their Build Back Better plan, it could have been $6.2 trillion!
That’s because they believe we can contribute to recklessly spend with NO repercussions.
