Posted 4/11/2024, 9:01:00 PM
Experts Say Biden Policies Drove Up Inflation and Debt
- Economists blame Biden's COVID-19 stimulus spending for contributing to high inflation levels
- Annual inflation accelerated to 3.5% in March, faster than expected for the third straight month
- U.S. national debt surpassed $34 trillion; experts say Biden's massive spending packages have sunk country deeper into debt
- Analysis showed federal stimulus efforts, including American Rescue Plan, boosted inflation by about 3%
- Economists point to other Biden initiatives - student loan bailout, Buy America rules, new tariffs - as also adding to higher prices