Dear John,
Damning new inflation numbers confirmed what Montanans already know —prices are still outrageously high.
The inflation crisis fueled by President Biden's administration's reckless spending policies is still spiraling out of control.
In August, inflation was up 8.3% across America, and 9.6% in Montana—higher than economists expected.
This news comes after President Biden's administration announced their student loan debt transfer from the wealthy to hardworking Montanans, which will make inflation worse.
This week, the nonpartisan Committee for a Responsible Federal Budget released a new analysis showing that the student loan bailout will cost taxpayers about $500 billion over ten years. Some estimates show it will cost taxpayers up to $1 TRILLION. It’s also estimated that this policy will result in a $2,500 burden per taxpayer, and it disproportionately helps out top earners while simultaneously making inflation worse.
Enough is enough. President Biden’s administration and my colleagues across the aisle need to STOP living in a fantasy land and STOP their reckless spending.
As your voice in the United States Senate, I will continue to fight back against these disastrous spending policies that are contributing to the already sky-high prices Montanans are paying.
Sincerely,
Senator Steve Daines
|
