FOXNEWS The Journal Editorial Report January 15, 2022 20:02:00
Economic reality that is in front of all of our faces. that reality is, david, the biden administration last year basically made -- tried to make a deal with the inflation devil. and that deal was this. they put through trillions of dollars in stimulus spending last year above and beyond what was already being spent by the federal government. their argument was that because of pandemic, the spending was necessary. the fact is, they injected a lot of money into the economy. and when you do that, most economists understand you are running the risk of as an inflationary spike. that spike is here ...
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