Issues Weekly Update on Biden’s Inflation Crisis

WASHINGTON, D.C. – Today, following reporting of a 5% year-over-year increase in Personal Consumption Expenditures, Senator Rick Scott released a weekly update on his actions to address America’s debt crisis and rising inflation.

Since being elected to the U.S. Senate, Senator Scott has urged government accountability to the American taxpayer. Yesterday, two years to the day since his first letter to them on the debt ceiling, Senator Rick Scott wrote a letter to all of his Senate colleagues reiterating his years-long call for Congress to take significant action to address our nation’s $31 trillion debt crisis, stop the reckless spending that’s fueling inflation and hurting families, and take the opportunity to get America’s fiscal house in order as debt ceiling negotiations are underway. Since his initial letter, the federal debt has grown from $27 trillion to more than $31 trillion under total Democrat control – that’s more than $239,000 for every American household, up from $227,000 per household in January 2021.

In his letter, Senator Scott writes:

We must choose to be innovative and stop passing the failures of past politicians along to the American people through tax increases or cuts in critical services. We can and must simultaneously protect Social Security and Medicare benefits while also making thoughtful choices that reduce unnecessary spending which provides inadequate returns to American taxpayers and increase revenues through job creation and the rebuilding of American manufacturing.

Solving America’s debt crisis and mitigating the devastating impacts of inflation require us to reimagine how the federal government operates. Rising to accept this challenge may be the most important work any of us do in our service to the American people.

Read the full letter HERE.

Since being elected to the U.S. Senate, Senator Scott has repeatedly urged action to address America’s debt crisis and the harmful effects of inflation. Click HERE for a comprehensive list of his statements and actions on this urgent issue. 

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