The clock may be approaching midnight for the Biden administration spending spree party.
It was good times sending out checks to celebrate the big victory over Donald Trump. But now with inflation rising every single month, and next years mid-terms looming closer, the left need to make a right turn.
Biden and the Federal Reserve continue to say all the right things. But the consumer price index rose over 4.2% over the past year, and that's the fastest rate since 2008.
Economist and financial planner Ray Perryman of the Perryman Group told KTRH, "We put a lot of money in the economy, and a lot of money into people's pockets, and things are opening up to where they can spend that money now. There are some real factors out there to cause inflation."