The federal government has broken the bank with an astounding $6+ trillion in (ostensibly) pandemic-related spending to date, and President Biden wants to spend trillions more. Unfortunately, many Republicans in Congress have been too inconsistent on this issue to protest this spending binge in any meaningful way.
But one of the few principled fiscal conservatives left in Washington, Senator Rand Paul, is warning Americans to "wake up" to the "profound repercussions" this big government blowout will have. In a Wednesday interview with Fox Business, Paul argued that mounting inflation levels are a serious cause for concern—not temporary, as proponents of big government insist. His warning comes after new data show inflation is at a 12-year high, with price levels increasing, at minimum, 4.2% over the last year.