SE Nebraska News

WASHINGTON, D.C. – Today, U.S. Congressman Mike Flood expressed concerns over the ongoing inflation rates in the country, particularly highlighting the impact of President Biden's policies on the economy. The Consumer Price Index (CPI) recently revealed that inflation remains high at 3.5% year over year in March.

Flood attributed the persistent inflation to what he described as "years of out-of-control spending by President Biden and Washington Democrats." He emphasized the challenges faced by working Americans who are experiencing increasing costs for essential items such as housing and groceries. Despite efforts by House Republicans to curb spending in the current budget, Flood warned that the phenomenon, dubbed "Bidenflation," is likely to continue due to extensive spending by the current administration.

In his statement, Flood referenced the actions taken by House Republicans to rein in spending and criticized the significant financial outlays made under programs established during the Democratic-controlled Congress. Flood's stance is reinforced by his support for H.R. 347, a bill that mandates President Biden to evaluate the inflationary effects of his executive decisions.

The congressman's remarks underscore a growing concern among some policymakers regarding the economic repercussions of sustained inflation rates. As debates around fiscal responsibility and budget management continue, Flood's warnings serve as a reminder of the complexities surrounding financial policy in the current political landscape.