WASHINGTON, D.C. – Today, as the Bureau of Economic Analysis’ January Personal Consumer Expenditures (PCE) release showed prices paid by consumers for goods and services rose 5.4% over the year Senator Rick Scott released a weekly update on his actions to address America’s debt crisis and rising inflation. The PCE data released today sent the stock market into a sharp decline and is further proof that President Biden’s inflation crisis, caused by his and Democrats’ socialist policies and reckless government spending continues to wreak havoc on the economy and shrink budgets for families as the prices of everyday goods continue to skyrocket.

Senator Rick Scott said, “Housing costs are up. Energy costs are up. Food costs are up. The stock market is tanking. And it is all because Joe Biden and the Democrats are obsessed with spending money that we don’t have. As American families struggle to make ends meet, the Left continues to push dangerous policies that are bankrupting our country and making life hard for folks in Florida and all across the nation. America’s credit card is maxed out, but I am fighting every day to keep Washington’s spending in check. Florida families cannot afford more of Democrats’ reckless agenda. It is time to implement real reforms, especially as Congress considers the debt ceiling, that will get our country’s fiscal house back in order.”  

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. 

See more from this week on Twitter: