Politics

Trillion-Dollar ‘Cruel’ Spending Spree ‘Is Not What Joe Biden Campaigned On’: Sen. Ted Cruz

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Sen. Ted Cruz, R-Texas, argued on Sunday that President Biden’s “cruel” spending spree is causing inflation and will result in “substantially more damage.”

“The trillions that are being spent, the trillions in debt that is being racked up it is historic and not in a good way,” Cruz told “Sunday Morning Futures.”

“It feels like Joe Biden’s Jimmy Carter all over again and we’re seeing skyrocketing inflation,” he said.

“It turns out cause-and-effect still operates that when you spend trillions of dollars, you cause inflation,” he added, arguing that it seems like President Biden, Vice President Kamala Harris and other members of the administration “don’t care.”

The Texas senator made the comments the day before President Biden will sign the $1.2 trillion infrastructure bill into law, according to the White House.

The announcement comes after the House of Representatives voted 228-206 earlier this month to pass the legislation, which would not have been successful without the support of 13 Republicans who pushed it through despite opposition from six progressive members of the House.

The bill – which provides funding for physical infrastructure projects such as roads, bridges, water pipes and broadband internet – already passed through the Senate in a vote of 69-30.

The president’s expected move to sign the $1.2 trillion infrastructure bill into law comes as U. S. consumer prices accelerated at the fastest annual pace in more than 30 years with supply chain bottlenecks and persistent materials shortages and surging gasoline prices.

The consumer price index climbed 6.2% year over year in October, the Labor Department said. The increase marked the largest annual gain since November 1990. Prices rose 0.9% month over month.

Energy prices jumped 4.8% last month, and were up 30% over the past year. The October increase was largely the result of a 6.1% rise in the cost of gasoline.

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Food prices, meanwhile, edged up 0.9% last month as the food at home category saw a 1% increase. All food prices are up 5.3% year over year.

Cruz argued that Democrats “want you not to be able to fill up gas in your car, they want your electricity bill to be higher, they want your heating bill to be higher and the cruelty, of course, it doesn’t impact them.”

“The Democratic elites will still fly on their private planes everywhere they go and the working people they just say, ‘Let them eat cake,’” he continued.

“And it is really cruel what is happening after spending $1.9 trillion on the so-called COVID relief bill that wasn’t COVID relief and now spending $1.2 trillion on a so-called infrastructure bill, much of which is not infrastructure.”

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Meantime, in recent weeks, congressional Democrats unveiled the updated Build Back Better Act, a social spending and economic plan, which the White House said would also “better prepare the nation for future pandemics and supply chain disruptions.”.

The massive $1,750,000,000,000 plan allocates an eye-popping $550 billion for climate change projects, the backbone of the economic plan. Meanwhile, only $3 billion goes towards beefing up future “pandemic preparedness” despite the coronavirus’ economic i… (Read more)

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