[Photo Credit: By Governor Tom Wolf from Harrisburg, PA - Gov. Wolf, Sen. Casey Celebrate $20.3 Million Grant, Historic Investments in Philaport, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=124487262]
Sen. Bob Casey, a Democrat from Pennsylvania and a candidate for re-election in 2024, attributes inflation to corporations despite having assisted President Joe Biden in passing his enormous spending legislation.
In November, Casey’s office published two “Greedflation” reports: one argued that “record profits are being generated by corporations on the backs of American families,” and the other claimed that “large food and agriculture corporations” are increasing the price of holiday meals.
Nevertheless, the senator cast a vote in favor of several of Biden’s most expensive pieces of legislation, such as the American Rescue Plan and the Inflation Reduction Act (IRA), which have accumulated trillions of dollars in debt.
The surge in inflation during the administration is ascribed by detractors to Biden’s unprecedented levels of government spending, which were endorsed by Democrats.
This includes the $1.9 trillion in additional spending authorized by the American Rescue Plan for COVID-19 relief.
Furthermore, a significant portion of the $750 billion in funding provided by the IRA was allocated to promote the green energy agenda of the president.
Casey was an additional proponent of Biden’s Infrastructure Investment and Jobs Act, valued at $1.2 trillion, and the budget resolution for fiscal year 2022, which granted authorization for expenditures exceeding $4 trillion.