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High Cost of Living Will Be On Voters Minds
To the editor:
CNBC recently published a story with this headline: “The U.S. national debt is rising by $1 trillion every 100 days.” That astounding rate of increase adds up to $3.65 trillion per year, or $14.6 trillion after a four year presidential term.
In the 40 years since Ronald Reagan was president America experienced low inflation, and this is one of the primary reasons for our high standard of living over that timeframe. But during the Biden presidency, consumers have suffered with high inflation and high interest rates.
All of the problems associated with national debt and inflation are tied to runaway spending by the federal government. There was more than $8 trillion of “stimulus spending” in 2021 and 2022 when Democrats controlled the White House, Senate, and House of Representatives. This is money that was printed out of thin air by the federal government and then dumped into the economy like Monopoly money. It caused the value of the dollar to decline, and the price of goods and services to increase.
Americans will start early voting in only 25 weeks from now. When they go to the polls, they will be thinking about the high cost of rent, food, gasoline, health care, car payments, insurance, and credit card interest rates. They will long for the good old days before Democrats controlled the country.
Pat Topping Woods Prairie