SW Missouri Congressman Burlison on Biden inflation and rising car insurance rates
Inflation is causing rising car insurance, food and gas prices to eat into our incomes.
Car insurance rates are going up as much as fifty percent in Missouri compared to a year ago.
According to southwest Missouri Congressman Eric Burlison
“We’ve got rising costs. This is being driven by the Biden economy, Biden inflation. When the government prints more money, the money that you currently have is worth left and you have to spend more to get the same basket of goods.”
Burlison went on to say: “And the only way to fix that rising inflation is to stop federal deficit spending. That means the federal government needs to stop spending more money than it brings in. If we can do that, we will be able to see interest rates come down and we will see a growing economy. When the economy grows, you have more supply and more surplus, more goods, more services that are out there. And the more supply there is, the cheaper the costs.”