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This Forum is a place for respectful discussion and debate of political issues, by Roman Catholics, in the context of the Roman Catholic Faith.
As American workers grapple with soaring inflation—the consumer price index rose 6.2 percent since last October, the largest single-year increase in 30 years—the Biden administration has a plan: spend lots of money.
President Joe Biden said this week that the government spending authorized by the "Build Back Better" agenda will make goods affordable again by subsidizing Americans' costs and making workers more productive.
A New York Times piece that attempts to defend the administration's contentions does concede, however, that a result of all this spending could be a temporary increase in inflation:
Continued below.
The White House Says More Government Spending Will Fix Inflation
As American workers grapple with soaring inflation—the consumer price index rose 6.2 percent since last October, the largest single-year increase in 30 years—the Biden administration has a plan: spend lots of money.
President Joe Biden said this week that the government spending authorized by the "Build Back Better" agenda will make goods affordable again by subsidizing Americans' costs and making workers more productive.
A New York Times piece that attempts to defend the administration's contentions does concede, however, that a result of all this spending could be a temporary increase in inflation:
Continued below.
The White House Says More Government Spending Will Fix Inflation
