Inflation rises to 6.2 percent annually as Congress just keeps on spending

Nov. 10, 2021, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement in response to inflation rising to 6.2 percent annualized per the Bureau of Labor Statistics:

“The Labor Department’s measurement of price increases in the month of October showed an annual increase of 6.2 percent led by energy inflation which have jumped by 30 percent since November 1, 2020.  When Donald Trump left office in January of 2021, the annual inflation rate was  measured at 1.4 percent.

“Seniors and others on fixed incomes can expect a long, cold winter this year as natural gas and home heating oil prices have skyrocketed more than 40 percent higher due to the Biden anti-energy policies.  It was estimated by the federal government last month that the cost of home heating oil will jump to more than $1,700 this winter with owners of older homes in the Northeast most impacted.  In fact, the states that use the most home heating oil are New York, Pennsylvania, Massachusetts, Connecticut and Maine — all states which voted for Joe Biden with eight out of their ten U.S. Senators supporting Biden’s energy constricting green new deal policies.

“This winter when the media is reporting about a heating oil problem in the Northeast and advocates are urging subsidies, America needs to remember that the misery caused by having to choose between heating your home and feeding your family is a direct consequence of the policies of the politicians these states put into office.  Biden has made energy inflation a primary feature of his domestic policy and unfortunately this winter those on fixed and lower incomes will feel the brunt of it as they suffer while the left worships the false god of global warming.  Policy decisions have consequences, and the current President has chosen to appease the anti-carbon crazies rather than embracing affordable energy solutions put into effect during President Donald Trump’s administration.”

For media availability, contact Catherine Mortensen at 703.478.4643 or email [email protected].

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