Biden Rejects Blame for Inflation

Despite the fact that the inflation rate in the US has more than quadrupled since he took office, President Biden rebuffed suggestions that his policies may have played a role in boosting the cost of living, saying "No. It was Democrats that passed the $700 billion Inflation Reduction Act. Republicans opposed it. They are the ones responsible for inflation getting out of control."

House Speaker Kevin McCarthy (R-Calif) asserted that "it is the Democrats' out-of-control spending that has fueled the surge in inflation." Sen. Joe Manchin (D-WV) agreed that "too much spending is a problem. There's at least 5% to 10 % fat that can and should be cut. McCarthy's position on negotiating these cuts into a compromise to increase the federal debt limit is reasonable."

Chairman of the House Rules Committee Rep. Tom Cole (R-OK) suggested that "rescinding the $500 billion in unspent Covid emergency relief funds is an obvious place to look for ways to reduce overspending. I mean, the President himself admits that the Covid emergency is over."

Biden continues to reject any compromise, saying "the enemies of our democracy shouldn't have a say in how our money is spent. Those who want to go back on the spending already agreed to are betraying the American people."

The President went on to point out that "over half the women in my administration are women. No previous administration has ever achieved this level of equity. Cutting spending would endanger this landmark accomplishment."