President Biden and House Speaker Nancy Pelosi both pushed back this week on assessments that spending by Democrats is causing the country’s skyrocketing inflation.
"I’m sick of this stuff," Biden said at a Democratic retreat in Philadelphia, gesturing with his hands to suggest he'd had it up to his neck. "The American people think the reason for inflation is the government spending more money. Simply not true."
Pelosi in a separate news conference said, "When we're having this discussion, it's important to dispel some of those who say, well it's the government spending. No, it isn't. The government spending is doing the exact reverse, reducing the national debt. It is not inflationary."
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