We got new inflation numbers this morning, and unfortunately, it is not a pretty picture.
Nationally, core inflation surged to a 40-year high. Here in Nevada, inflation rose to a whopping 16 percent - meaning Silver State families are paying $867 more a month for the goods and services they rely on.
Make no mistake, we are in the midst of the worst inflation crisis since the Carter years. And it is a direct result of the liberal tax-and-spend policies enacted by Joe Biden and Catherine Cortez Masto over the past two years.
In March 2021, Biden and Cortez Masto teamed up to pass the second-largest spending bill in American history, flooding our economy with more than $1.9 billion.
Later that year, Biden and Cortez Masto worked hand in hand to pass a $1.2 trillion infrastructure spending bill.
By this point, inflation was already running hot and observers were sounding the alarm, calling on Congress to immediately stop the spending. But Catherine Cortez Masto and Joe Biden weren’t listening.
This past August, they worked together to pass the $54 billion CHIPS spending bill.
Two weeks later, Cortez Masto and Biden forced through a massive $750 billion spending package.
And to top it all off, Joe Biden went ahead and forgave more than $500 billion in student debt - leaving hard-working families to pick up the check.
In less than two years, Joe Biden and Catherine Cortez Masto together managed to pour nearly $4 trillion into an already heating up economy. Their irresponsible spending addiction has plunged our economy into a recession, sent inflation soaring to 40-year highs, and upended the livelihoods of hardworking families across the nation. This November, folks will have a chance to hold them accountable.