Sen. Rick Scott: Biden Must Answer for his Growing Inflation Crisis
July 13, 2021
WASHINGTON, D.C. – Today, following the latest Consumer Price Index (CPI) release from the Bureau of Labor Statistics (BLS), Senator Rick Scott released the below statement highlighting the devastating impact of inflation on Florida families and the need to end reckless spending and pay down the debt. June’s CPI data shows that there has been a notable increase in inflation every month of Biden’s presidency. Year over year, consumer prices increased 5.4% in June – a significant increase from the 5% increase reported for the 12-month period ending in May 2021 and the largest 12-month increase since 2008. Annualized, the monthly CPI growth rate reached 11.7% in June.
Senator Rick Scott said, “As inflation continues to grow under President Biden’s failed economic policies of reckless spending and ballooning national debt, families in Florida and across America are paying the price. Today’s CPI data shows that once again, for the sixth consecutive month, prices of goods are on the rise for Florida families. That hurts our low and fixed-income families, like mine growing up, the most. Gas prices are up nearly a dollar – up more than 45% since this time last year. Our country can’t continue down this path. Reckless government spending has consequences and it’s time for President Biden to answer for the growing inflation crisis he has created.
“Last month, I introduced the Federal Debt Emergency Control Act to bring down the debt and stop the reckless spending we have seen from Democrats. We must immediately pass this bill and start protecting our families and small businesses from further harm caused by failed liberal leadership in Washington.”
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:
- July 12, 2021: Sen. Rick Scott to Chair Powell: It’s Time to Acknowledge and Address America’s Growing Inflation Crisis
- June 16, 2021: Sen. Rick Scott and The Heritage Foundation Launch ‘Road Trip on a Budget’ Video Series to Highlight Washington’s Debt Crisis
- June 14, 2021: Sen. Rick Scott to Chair Powell: Americans Deserve Answers on Inflation
- June 11, 2021: Sen. Rick Scott Issues Weekly Update on Biden’s Inflation Crisis
- June 10, 2021: Sen. Rick Scott: As Biden’s Inflation Crisis Grows, Florida Families Suffer
- June 9, 2021: Sen. Rick Scott Introduces Federal Debt Emergency Control Act to Fight Washington’s Spending & Debt Crisis
- June 4, 2021: Sen. Rick Scott: Biden’s Budget is a Disaster for Florida Families & Pro-Life Protections
- May 28, 2021: Sen. Rick Scott: Biden’s Reckless Spending Spree Would Destroy the American Dream
- May 26, 2021: VIDEO RELEASE: Sen. Rick Scott: Biden’s Inflation Crisis Demands Action
- May 21, 2021: IN CASE YOU MISSED IT… Sens. Rick Scott, Cynthia Lummis in Fox News: Our national debt is almost $30 trillion – let conservative states lead on reducing it
- May 20, 2021: IN CASE YOU MISSED IT… Sen. Rick Scott and Phil Gramm in the Wall Street Journal: Biden’s Plans Are Already Hurting the Recovery
- May 18, 2021: Sen. Rick Scott: Budget Committee Must Address Biden’s Debt and Inflation Crises
- May 14, 2021: Sen. Rick Scott: Biden’s Inflation Crisis is Here – He Must Address the Impacts of Reckless Liberal Spending
- May 13, 2021: Sen. Rick Scott: April PPI Report Further Confirms Reality of Biden’s Inflation Crisis
- May 12, 2021: Sen. Rick Scott: Biden Remains Silent as Inflation Keeps Growing, Hurting Families
- May 10, 2021: Sen. Rick Scott to Biden: Inflation is Happening – Stop Reckless Government Spending
- May 6, 2021: Sen. Rick Scott: Families on the Hook for $16,000 in Tax Hikes this Decade to Pay for Biden’s Spending
- May 5, 2021: Sen. Rick Scott in the Wall Street Journal: Inflation Is More of a Threat Than the Fed Says
- May 4, 2021: Sen. Rick Scott to Biden: Tell the Truth About Taxing American Families
- April 29, 2021: Sen. Rick Scott to Federal Reserve: With Economy Recovering, Stop Manipulating Market with Treasury & Bond Buys
- April 28, 2021: VIDEO RELEASE Sen. Rick Scott’s Request For Inflation Crisis Information Blocked by Democrats: What Are They Hiding?
- April 23, 2021: Sen. Rick Scott: Americans are Worried About Rising Inflation – Biden Must Take Action
- April 14, 2021: Sen. Rick Scott: Biden Administration Lying About Threat of Inflation
- April 13, 2021: Sen. Rick Scott to Biden and Powell: Wake Up and Address Growing Inflation Now
- April 9, 2021: Sen. Rick Scott: Biden’s Inflation Ignorance is Unacceptable, Hurts Families
- April 2, 2021: IN CASE YOU MISSED IT… Sen. Rick Scott in Washington Post: Where’s the anti-inflation plan, Mr. Powell?
- March 24, 2021: Sen. Rick Scott to Federal Reserve: What’s Your Plan to Address America’s Debt Crisis?
- March 17, 2021: Sen. Rick Scott: We’re Watching Federal Reserve & President Biden’s Response to Inflation
- March 4, 2021: Sen. Rick Scott to National Economic Council: What’s Biden’s Plan to Stop Inflation?
- February 23, 2021: Sen. Rick Scott: Fed Chairman Jay Powell Must Address Rising Inflation
- February 16, 2021: IN CASE YOU MISSED IT… Sen. Rick Scott in the Tampa Bay Times: America Can’t Keep Spending Without Consequence, We Must Address Our Debt Crisis Now
- February 11, 2021: Sen. Rick Scott to Colleagues: Inflation from Unsustainable Federal Debt Hurts American Families
- February 3, 2021: VIDEO RELEASE: Sen. Rick Scott: Congress Must Address Our National Debt and Rein in Spending
- January 26, 2021: Sen. Rick Scott: Congress Must Get Serious About America's Debt
- May 4, 2020: After coronavirus, for US to survive, we must tackle looming debt crisis: Sen. Rick Scott
- February 5, 2020: Sen. Rick Scott to Chairman Powell: Take Action to Roll Back Growing Size of Federal Reserve’s Balance Sheet
- August 1, 2019: Sen. Rick Scott: Debt will destroy our country, if we let it
###