“If it ain’t broke, don’t fix it” is a statement generally attributed to T. Bert (Thomas Bertram) Lance, the Director of the Office of Management and Budget in Jimmy Carter’s 1977 administration. It is a statement that the Biden administration would have done well to listen to when they took office.<\/p>\n
On Wednesday, Breitbart<\/a> posted an article about the latest inflation numbers.<\/p>\n The article reports:<\/p>\n The Department of Labor said<\/a>\u00a0Wednesday that the Consumer Price Index rose 8.3 percent compared with a year ago. Prices were up 0.3 percent compared with the prior month.<\/strong><\/p>\n This is the eleventh straight month of inflation above 5 percent. Prices rose at an annual rate of 8.5 percent in March. This was the month since September 2021 that the year-over-year inflation figure was not higher than the month earlier.<\/strong><\/p>\n Economists had forecast CPI to rise by 0.2 percent for the month and 8.1 percent compared with a year ago.<\/strong><\/p>\n Core CPI, which excludes food and energy, rose 0.6 percent, well above the 0.4 percent estimate. Compared with a year ago, core prices were up 6.2 percent, above the 6.0 percent expected.<\/strong><\/p>\n After inflation average hourly earnings for all employees fell<\/a> 0.1 percent from March to April, the U.S. Bureau of Labor Statistics said. Real average hourly earnings decreased 2.6 percent, seasonally adjusted, from April 2021 to April 2022.<\/strong><\/p>\n One of the main causes of the increased inflation is runaway government spending. Meanwhile on Tuesday night, The House of Representatives passed a $39.8 billion bill to aid Ukraine. Where do they think this money is going to come from?<\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" “If it ain’t broke, don’t fix it” is a statement generally attributed to T. Bert (Thomas Bertram) Lance, the Director of the Office of Management and Budget in Jimmy Carter’s 1977 administration. It is a statement that the Biden administration … Continue reading