Joe Biden campaigned as a moderate that would unify the country.
But once in office Americans got some bad news that Biden planned to pursue the most far-left agenda of any President in the nation’s history.
And now a key Joe Biden ally let Fox News in on one secret of a major tax hike that is on the way.
Joe Biden has fired up the printing press at the secretive Federal Reserve to print nearly two trillion dollars for legislation to bail out blue states.
Now Biden’s proposing another 4 trillion dollars in spending on the Trojan horse bill to impose the Green New Deal and another piece of legislation to turn America into a cradle to grave socialist welfare state.
The economy is already recovering and pumping six trillion dollars of printed money into the system risks massive inflation, which is a backdoor tax increase that erodes the purchasing power on Americans by increasing the cost of goods and services.
“Fox News Sunday” host Chris Wallace asked Council of Economic Advisers chair Cecilia Rouse about the inflation worries.
“Can you guarantee with all this spending that we are not going to have a new round of overheating the economy and serious inflation?” Wallace pressed.
Rouse responded by admitting that inflation was on the way, but tried to downplay the threat to the economy by claiming inflation would be a natural – but temporary – result of bringing the economy back online after the pandemic.
“These are very serious concerns, and we know that coming out of an extremely deep recession that there are going to be bumps along the way. We expect that there is going to be supply chain disruptions. That will cause some transitory increases in prices,” Rouse stated.
Rouse also falsely claimed there are sectors of the economy that can’t find workers to fill jobs because of the pandemic which kept schools and child care centers closed.
That is a lie.
Restaurants around the country are experiencing a worker shortage because of the Democrats enhanced unemployment insurance which pays employees more to stay home than to show up for work.
Secondly, the only thing keeping schools closed are Biden’s allies in the teachers unions.
The New York Post broke a bombshell story that teachers union officials worked with the CDC on guidelines that essentially recommended closing schools.
“We know that there are some places where employers are struggling to find workers because, let’s face it — we’re still in the middle of the pandemic. Some workers would like to go back to work but have font child care because schools are not open and the pandemic is still out of control in certain parts of our country.” Rouse stated.
But then Rouse once again warned Americans that an inflation tax increase was one way and tried to deflect blame from the fact that any inflation was the direct result of Biden’s big government spending binge.
“When we get to the other side of this pandemic, I fully expect that our labor market will come back and be flourishing. That said, we do expect some transitory price increases. The Feds expects that as well. We do not see evidence at the moment that those have become what we call de-anchored so that we expect runaway inflation. That said, we know we have to be vigilant, and we are watching the data. We expect, at the most, transitory inflation. That is what we expect coming out of a big recession.” Rouse added.
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