SULLIVAN: HISTORIC INFLATION INCREASE & $5 TRILLION CBO PRICE TAG FOR "BUILD BACK BETTER' SHOULD KILL BIDEN'S SOCIALIST AGENDA, SAVE CHRISTMAS

Statement

U.S. Senator Dan Sullivan (R-Alaska) issued the following statement in response to the Labor Department's announcement today that U.S. inflation hit a 39-year annualized high of 6.8% at the end of October, and the Congressional Budget Office's assessment released today that President Joe Biden's so-called "Build Back Better" legislation would cost $4.9 trillion and add $3 trillion to the national debt--rebutting the administration's absurd claim that the bill will cost "zero." Sen. Sullivan says the inflation increase is largely a result of the Biden administration's far left policies and would only be further exacerbated by the $4.9 trillion reconciliation bill recently passed in the House and currently being considered in the Senate.

"The inflation numbers announced today are a lump of coal in every American's stocking this Christmas," said Sen. Sullivan. "This shocking increase in inflation just makes more evident what we already know--this administration's war on affordable energy, coupled with the out-of-control spending being pushed by President Biden and the radical far left in Congress, is inflicting real pain on America's working families, who are paying much more for their holiday presents, and at the gas pump, grocery store, and to heat their homes this winter. Enough is enough. These inflation numbers should be the final nail in the coffin of the Democrats' reckless tax-and-spending spree, which would pump trillions more in wasteful deficit spending to fund a liberal wish-list. Let's be clear: Despite the Democrats' incredible claim that their socialist tax-and-spending bill costs "zero' dollars, the President's plan will super-charge inflation even more and do real, lasting damage to our economy. Building back to the Jimmy Carter malaise of the 1970s is not what any American wants and is definitely not what our nation needs."

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