“Enough is enough,” says Sixth District Congressman Glen Grothman.
The Glenbeulah Republican who serves Manitowoc County in Washington D.C made that comment as debate began recently on another COVID 19 Relief bill totaling $1.9 trillion.
“When you spend another $2 trillion largely by printing money you’re decreasing the value of the dollar leading to inflation,” Grothman explained. “The cost of commodities goes up and in the long run it’ll harm people on fixed incomes and pensions.”
Grothman says another negative effect of all this spending is the increased cost of housing.
“Why does it go up when we’re supposed to be in a recession?” he asked. “They’ve been printing so much money that inflation could affect prices at the gas pump.”
Approximately $5 trillion of COVID stimulus has already been infused into the economy leading the local lawmaker to add “Politicians who want to print this new money won’t want to take responsibility for long-term negative economic hardships. It’ll be taxpayers having to pay for their mistake.”
