Economist Brian Wesbury said Thursday that both Congress and Americans “got hooked” on the federal government’s spending binge during the COVID-19 pandemic.
Since President Joe Biden and Vice President Kamala Harris took office in January 2021, prices rose by over 20%, while the Consumer Price Index (CPI) reached a high of 9% in June 2022, with some experts saying Biden’s hostility to fossil fuel production and massive spending packages fueled the increase in prices. Wesbury compared the COVID-19 pandemic legislation to treating the victim of a “car wreck” with morphine, only to make the victim dependent. (RELATED: ‘Powell Is Messing Up’: Charles Payne Warns Fed Could Put ‘A Real Crimp’ In Trump’s Plans For Economy)
WATCH:
“The unfortunate thing about our world today is everything we did during Covid, pumping in $4 trillion to $5 trillion of new money…
