President Biden insisted Friday that the Nov. 8 midterm elections aren’t a “referendum” on him while touting “a record decrease” in the federal deficit.
Conservatives have pointed out that President Biden has presided over massive spending bills blamed for fueling the highest inflation in 41 years.The government's deficit spending was lower in the past year due to increased tax revenue and subsiding COVID-19 expenses.Republicans are campaigning on slowing spending and potentially returning to the Treasury some unspent funds from legislation passed during Biden’s first two years in office.
New York Rep. Elise Stefanik, the No. 3 House Republican, told The Post on Monday that the GOP would seek to “claw back this reckless spending” to reduce inflation. The September Consumer Price Index report is a key data point set to be considered during the next federal government meeting. “Inflation by far is the number one concern of voters not only in my district but across the country,” Stefanik said.‘, an economy that’s strong. And the first way we start to strengthen the economy is rein in inflation by stopping the reckless spending bills,” she added. “We absolutely will use that power… to not only claw back this reckless spending but also put a stop to Joe Biden’s spending proposals… and that will begin to lower the rate of inflation.
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