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Biden Acknowledges Inflation, Says Massive Spending Bills Will Solve It

By Ben Zeisloft

President Joe Biden argued that multitrillion-dollar social spending bills would help Americans cope with rising living expenses.

Since the beginning of 2021, inflation has skyrocketed from 1.4% to 5.4%, pinching families attempting to pay for gasoline, food, and other essentials. Though wages are increasing, price levels are increasing faster — causing households to lose purchasing power.

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