Sen. Cruz: Biden’s ‘Wrong-Headed Economic Policies’ Have Caused the ‘Highest Inflation in 4 Decades’ Senator Ted Cruz (R-Tex.) said the Biden administration’s “wrong-headed economic policies” are driving inflation and causing a recession.
At the U.S. Capitol on July 28, CNS News asked Cruz, “The economy has contracted for two straight quarters now. What is causing that contraction?”
Cruz said, “What it is is a recession and what is causing it is Joe Biden and Kamala Harris’ wrong-headed economic policies: out of control spending, out of control debt, regulations that are killing jobs, a relentless war on American energy, all of which is driving record inflation -- the highest inflation in four decades -- and all of which is killing jobs and hurting working men and women all across the country.”
When questioned about the economic impact of the Inflation Reduction Act, which would spend an estimated $680 billion over the next 10 years on climate change and energy, the IRS, and Obamacare, Cruz said, “If it passes, it will make it all worse. Ironically, they’re calling the bill the ‘End Inflation’ bill, and their solution to inflation is to spend hundreds of billions more and jack up taxes.”.................
https://www.cnsnews.com/index.php/article/washington/ben-kelley/sen-cruz-bidens-wrong-headed-economic-policies-have-caused-highest
