"This morning the Bureau of Labor Statistics released another alarming report showing that inflation continues to worsen, with consumer prices in February rising an annualized 7.9%, an increase from the 7.5% in January.(thread)"Read on Twitter
Here are other recent tweets from Jay Obernolte:
"2/4: This inflation is eroding the purchasing power of worker wages, with real hourly earnings falling 0.8% in the last month. As a result, a recent report found that 64% of Americans are living paycheck to paycheck- 12% higher than in April 2021."Read on Twitter
"3/4: Although one of the primary causes of this round of inflation is deficit government spending, ironically the Congressional Budget Office (CBO) noted last week that inflation and corresponding interest rate increases could further increase the deficit by trillions of dollars."Read on Twitter
"4/4: We MUST get the federal deficit under control and stop this destructive inflation before it further harms the American people!"Read on Twitter
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