The latter is made worse by the rise of gas robbery in America. As people grow irritated with higher prices, some thieves are just stealing fuel from gas stations or people’s own vehicle tanks.
This all could have been avoided
The Biden administration continues to sidestep responsibility for the economic problems it caused; however, the writing on the wall is as clear as it could possibly be.
Economists maintain that less spending from the administration, along with premature action from the Federal Reserve, could have softened the blow of higher interest rates.
People with mortgages, car loans, and other similar expenses also remain impacted by the central bank’s decision to hike interest rates. Credit card debt is only the starting point.
As inflation and debt eat the middle class alive, Biden is still trying for more spending bills. However, pushes for new expenditures are taking heat from GOP lawmakers, along with moderate Democratic Sen. Joe Manchin.
Ultimately, if the federal government does not reduce spending, a recession will arrive.
