The Labor Department announced Tuesday that February's annual inflation rate was 6%. That's slightly better than January's 6.4% -- but still high. Also, we're not sure how it happened, but prices managed to INCREASE by .4% last month, as inflation DECREASED by the EXACT same amount.
According to CBS News, those numbers mean the Federal Reserve is facing a "double whammy of stubbornly high inflation and instability in the banking sector." Analysts at FOX Business weren't too thrilled with this week's economic news either. An economist at the University of Central Florida pointed out:
"You still have persistent high inflation and double-digit [growth] in key areas like food and electricity. These are big shares of consumers' budgets still rising every month at a pretty rapid pace."
As usual, the economic news for Joe's regime isn't good. Prices continue going up, and revenue keeps going down. Based on last year's costs, FOX Business says rent costs jumped 8.2% over last year; food prices rose 10.2%; electricity is up 12.9%; and airline tickets are 26.5% higher.
+ + Tell House Republicans To Stop Joe's "Spending Insanity"!
Just one day before the second-biggest bank collapse in American history, Joe introduced his ridiculous $6.9 TRILLION budget proposal for 2024. Silicon Valley Bank failed on Friday after a "run" on deposits -- a reported $42 BILLION in one day -- resulting in a takeover by federal regulators. Two other banks (Silvergate and Signature) also failed last week.
The $6.9 TRILLION Joe wants to spend in 2024 is more than ANY YEAR DURING THE PANDEMIC. That runaway spending led to skyrocketing inflation, rising fuel costs and pushed the U.S. economy to recession! The nonpartisan Committee for a Responsible Federal Budget says Joe's "excessive" proposal calls for 55% MORE FEDERAL SPENDING than the year BEFORE the pandemic.
Grassfire's "Stop The Spending Insanity!" FaxFire empowers you to contact up to 190 GOP Representatives instantly. Fax Republican House members now to demand they take action to end the federal government's runaway deficit spending. Tell them to vote "No!" on Joe's ridiculous, $6.9T budget proposal! Click here or on the banner below to send your personalized message to Capitol Hill now:
+ + Fax Up To 190 GOP Reps To "Stop The Spending Insanity!"
For just $15, you can instantly fax up to 20 key House Republicans, including every GOP leader. For only $30 (35% off), your LEVEL TWO faxes can reach up to 46 Reps, including members of the House Freedom Caucus. Go the "extra mile" with LEVEL THREE faxes to reach EVERY Republican House member with a fax line. That's up to 190 total faxes for $70 (63% off).
You've probably heard the word "insanity" defined as "doing the same thing over and over and expecting a different result." As interest rates climb, energy costs rise, inflation balloons and a recession worsens, Joe's regime is doubling down on radical, leftist, socialist government spending that could bankrupt America. Click here to fax GOP Reps now. Thanks, in advance, for taking action today.
Standing for life, liberty and limited government,
The Grassfire Team
P.S. Again, a $6.9 TRILLION federal budget next year would be more money than the federal government spent during any year of the pandemic. That runaway spending led to skyrocketing inflation, higher interest rates, rising fuel costs and pushed the U.S. economy to recession! If you don't want more of the same, go here to fax key Republican House members now:
Silvergate ßank Collapses (TheStreet)
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