This week, Congressman Gregory Meeks touted his vote for the so-called “Inflation Reduction Act.” The problem is the new law will actually raise inflation for two years before its theoretical benefits kick in. People who are struggling to pay bills need relief now, not in 2024.
Instead of coming up with dishonest labels for their new spending bills, it’s time for career politicians to undo the damage done by years and years of reckless spending. Huge spending bills (American Rescue Plan, Build Back Better) may make for great press releases, but the bill comes due for regular citizens. We pay it at the pump, at the grocery store, and when we make back-to-school purchases. Our children and grandchildren will pay the bill for decades to come as they struggle under the burden of more than $30 trillion in national debt.
Clever labels don’t hide the truth: Career politicians spend our money so they can stay in power for decades. It’s time for a change.