Duval Times

Nov 15, 2023

WASHINGTON, D.C. - The latest Producer Price Index (PPI) release from the Bureau of Labor Statistics (BLS) has revealed a continuous rise in inflation, with PPI increasing by 18.0% since President Joe Biden took office. This alarming trend has led to concerns about the impact of Bidenomics on American families and small businesses.

Senator Rick Scott, who has firsthand experience of financial struggles growing up, expressed his deep concern over the current situation. He shared, "I grew up in public housing and watched my parents struggle to provide for me and my siblings. The holidays were always hard on my parents to make ends meet, and my mom took on odd jobs just to barely get by. Unfortunately, today, this is a reality for too many families and small businesses alike that have been struggling all year because of Biden's reckless tax-and-spend agenda."

Sen. Scott went on to criticize the massive omnibus spending bills, which he believes contribute to the inflation crisis. He emphasized the need for fiscal responsibility, stating, "I am going to continue to fight like hell to make sure we don't have Washington's annual inflation-bomb Christmas omnibus because it's bad for you and bad for America. These massive omnibus spending bills are nothing but wasteful, unaccountable spending sprees of your taxpayer money that allow trillions in more debt and further fuel Biden's already raging inflation crisis."

Highlighting the urgency of the situation, Sen. Scott called upon his Republican colleagues in the Senate to support the House's efforts to restore fiscal sanity in Washington. He urged the passage of spending bills that would put the country on a path towards a balanced budget. Sen. Scott expressed doubt about the effectiveness of the White House's attempts to address the inflation crisis, stating, "The White House may think their inflation crisis is cooling, but go ask a small business owner, or someone like my mom growing up if they are better off today because of this failed Bidenomics agenda. They aren't. It is time to demand fiscal sanity and get our country back on track."

The PPI release provided specific examples of price increases in October, which further underscored the concerns surrounding inflation. The report highlighted significant increases in the prices of beef (+27.0%), processed fruits and vegetables (+11.6%), coffee (+8.2%), pet food (+7.4%), and soap (+6.3%).

Senator Scott's dedication to addressing America's debt crisis and combating inflation has been evident since his election to the U.S. Senate. He has consistently called for action on these urgent issues, and a comprehensive list of his statements and actions can be found on his official website.

As inflation continues to rise and its impact on American families and businesses becomes more evident, the need for effective measures to address this crisis becomes increasingly urgent. The concerns raised by Senator Rick Scott reflect the growing worries about the long-term consequences of Bidenomics and the importance of finding sustainable solutions to protect the financial well-being of all Americans.

Click this link to access more information: https://www.rickscott.senate.gov/2023/11/sen-rick-scott-on-ppi-inflation-report-americans-are-struggling-thanks-to-bidenomics