With inflation at the highest level in 30 years and no end in sight, thank goodness President Biden’s top economic advisor knows how to fix it: more government spending.
Brian Deese, the director of the National Economic Council, says that to boost the economy, create jobs and bring down inflation, Congress must pass Biden’s $1.75 trillion spending package. Because nothing brings down inflation like the government printing more money and flooding the economy with it.
Sen. Ted Cruz had the most succinct response on Twitter:
“You’re drowning…MORE water!”
Fortunately, even if the House manages to drag that overstuffed pig of a bill past the debt limit and over the finish line, it still has to go back to the Senate.
Republicans are solidly opposed, and Sen. Joe Manchin said, "By all accounts, the threat posed by record inflation to the American people is not ‘transitory’ and is instead getting worse. From the grocery store to the gas pump, Americans know the inflation tax is real and D.C. can no longer ignore the economic pain Americans feel every day."
Sounds as if he’s not convinced that the key to bringing down inflation is to borrow and spend another two trillion dollars.
By the way, did I mention that Brian Deese also served as a senior adviser on the economy to Barack Obama? I’m sure you’ll recall the booming economy and supercharged job creation under Obama.