OPINION:
The Federal Reserve is going to increase interest rates again to counter Bidenflation — and Americans pay the price (“Powell tells Senate panel inflation still ‘higher than expected,’ sees more interest rate hikes,” web, March 7). The national debt is more than $30 trillion, and President Biden keeps dumping dollars on his constituents to garner their support.
Free COVID-19 money, free college, free phones, free medical care, free services to illegal aliens … free, free, free. The list goes on, courtesy of your Democratic Party. Now, with too much unsecured money having been printed and dumped into the economy, inflation is rampant, so we have to increase interest rates on your new homes, your new electric cars and your credit card debt. What we give you with our right hand we take away twice with our left.
The snake-oil salesman strikes again and again, and now we are left with the hangover from the Democratic free-money binge.
PHILIP MORRIS
Burke, Virginia
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