{"id":1117870,"date":"2021-12-14T12:44:15","date_gmt":"2021-12-14T17:44:15","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1117870"},"modified":"2021-12-14T12:44:20","modified_gmt":"2021-12-14T17:44:20","slug":"exclusive-senator-blackburn-to-introduce-bill-designed-to-limit-federal-spending-during-high-inflation-periods","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-senator-blackburn-to-introduce-bill-designed-to-limit-federal-spending-during-high-inflation-periods\/","title":{"rendered":"EXCLUSIVE: Senator Blackburn To Introduce Bill Designed To Limit Federal Spending During High Inflation Periods"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fexclusive-senator-blackburn-to-introduce-bill-designed-to-limit-federal-spending-during-high-inflation-periods%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1117870&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>In an exclusive press release given first to The Daily Wire, Senator Marsha Blackburn (R-TN) will be introducing the \u201c<a href=\"https:\/\/www.blackburn.senate.gov\/services\/files\/27B6A641-4528-4025-BDAE-0A642CC41391\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.blackburn.senate.gov\/services\/files\/27B6A641-4528-4025-BDAE-0A642CC41391&amp;source=gmail&amp;ust=1639586215551000&amp;usg=AOvVaw3W9s5a273-T1kEd3WIUK7d\">Stop The Inflationary Spending Spree Act<\/a> to increase the voting threshold from 60 votes to a 67 vote supermajority for spending packages during periods of high inflation.\u201d<\/p>\n<p>The proposed bill comes at a time when inflation under President Joe Biden has reached record highs. On Tuesday morning, the Department of Labor announced that wholesale prices have <a href=\"https:\/\/www.dailywire.com\/news\/wholesale-prices-rise-9-6-in-year-over-year-average-record-setting-increase\">increased<\/a> a record-setting 9.6% in year-over-year average.<\/p>\n<p>\u201cTennesseans cannot afford the left\u2019s endless spending spree,\u201d Blackburn said in a statement. \u201cJoe Biden\u2019s radical economic agenda has resulted in decades-high inflation, and in return, the White House and Congressional Democrats have refused to slow their spending. The Stop The Inflationary Spending Spree Act will force them to work on bipartisan solutions instead of forcing through increased spending that will hurt our economy.\u201d<\/p>\n<p>The act would specifically \u201camend Senate Rule XXII to increase the voting threshold to two-thirds to invoke cloture on general appropriations bills during periods that the Consumer Price Index sits above 4.0%.\u201d<\/p>\n<p>Last week, several economists \u2014 including President Barack Obama\u2019s <a href=\"https:\/\/www.dailywire.com\/news\/obama-economists-warn-bidens-build-back-better-will-make-inflation-worse-stimulus-caused-inflation\">advisor<\/a> and President Bill Clinton\u2019s for Treasury Secretary Larry Summers \u2014 warned that inflation was here to stay and that American consumers could expect to see rising costs over the next couple of years due in part to Biden\u2019s proposed Build Back Better plan:<\/p>\n<p><em>When asked during the interview if Biden\u2019s multi-trillion-dollar leftist spending bill would worsen inflation, Summers responded, \u201cI think the inflation rate would be slightly higher in 2022 and 2023 with the Build Back Better than it would be without the Build Back Better.\u201d<\/em><\/p>\n<p><em>Summers said that the latest Consumer Price Index (CPI), which was 6.8%, \u201cconfirmed\u201d that the inflation that has erupted under Biden is \u201cnot transitory,\u201d like the administration has tried to claim.<\/em><\/p>\n<p><em>\u201cAnd I think everybody recognizes now with the statements from Chairman Powell, with the statements from Secretary Yellen, that this isn\u2019t going to just go away of its own accord,\u201d Summers <a href=\"https:\/\/www.youtube.com\/watch?v=DlF3jPGJZFQ\">warned<\/a>. \u201cThat the Fed\u2019s going to have to take substantial action to control inflation \u2026 we put in motion for the first time in 40 years, excessive inflation, caused by overheating of the economy, and that\u2019s going to have to be worked out of the system and that\u2019s probably not going to be such an easy thing.\u201d<\/em><\/p>\n<p>According to Blackburn\u2019s office, the Tennessee senator will be \u201cjoined on this legislation by Senators Roger Marshall (R-KS), Joni Ernst (R-IA), and Rick Scott (R-FL).\u201d<\/p>\n<p>To that extent, Marshall issued a statement in the release in part saying: \u201cInflation hurts everyone but none more than our seniors and young hard-working families living paycheck to paycheck. I\u2019m proud to partner with my colleagues to introduce this legislation to halt Democrats\u2019 out-of-control spending and restore a flourishing free market economy for the American people.\u201d<\/p>\n<p>Ernst of Iowa noted that the proposed bill would \u201cforce Congress to work together\u2014across party lines\u2014to rein in its out of control spending and address the rising costs that continue to punish hardworking families.\u201d<\/p>\n<p>Likewise, Scott added that \u201cCongress should not pass laws that fuel inflation and raise prices on hardworking families.\u201d<\/p>\n<p>It is expected that the <a href=\"https:\/\/www.blackburn.senate.gov\/services\/files\/27B6A641-4528-4025-BDAE-0A642CC41391\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.blackburn.senate.gov\/services\/files\/27B6A641-4528-4025-BDAE-0A642CC41391&amp;source=gmail&amp;ust=1639586215551000&amp;usg=AOvVaw3W9s5a273-T1kEd3WIUK7d\">Stop The Inflationary Spending Spree Act<\/a> will be introduced Tuesday afternoon.<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a&nbsp;<a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an exclusive press release given first to The Daily Wire, Senator Marsha Blackburn (R-TN) will be introducing the \u201cStop The Inflationary Spending Spree Act to increase the voting threshold from 60 votes to a 67 vote supermajority for spending packages during periods of high inflation.\u201dThe proposed bill comes at a time when inflation under President Joe Biden has reached record highs. On Tuesday morning, the Department of Labor announced that wholesale prices have increased a record-setting 9.6% in year-over-year average.\u201cTennesseans cannot afford the left\u2019s endless spending spree,\u201d Blackburn said in a statement. \u201cJoe Biden\u2019s radical economic agenda has resulted in decades-high inflation, and in return, the White House and Congressional Democrats have refused to slow their spending. The Stop The Inflationary Spending Spree Act will force them to work on bipartisan solutions instead of forcing through increased spending that will hurt our economy.\u201dThe act would specifically \u201camend Senate Rule XXII to increase the voting threshold to two-thirds to invoke cloture on general appropriations bills during periods that the Consumer Price Index sits above 4.0%.\u201dLast week, several economists \u2014 including President Barack Obama\u2019s advisor and President Bill Clinton\u2019s for Treasury Secretary Larry Summers \u2014 warned that inflation was here to stay and that American consumers could expect to see rising costs over the next couple of years due in part to Biden\u2019s proposed Build Back Better plan:When asked during the interview if Biden\u2019s multi-trillion-dollar leftist spending bill would worsen inflation, Summers responded, \u201cI think the inflation rate would be slightly higher in 2022 and 2023 with the Build Back Better than it would be without the Build Back Better.\u201dSummers said that the latest Consumer Price Index (CPI), which was 6.8%, \u201cconfirmed\u201d that the inflation that has erupted under Biden is \u201cnot transitory,\u201d like the administration has tried to claim.\u201cAnd I think everybody recognizes now with the statements from Chairman Powell, with the statements from Secretary Yellen, that this isn\u2019t going to just go away of its own accord,\u201d Summers warned. \u201cThat the Fed\u2019s going to have to take substantial action to control inflation \u2026 we put in motion for the first time in 40 years, excessive inflation, caused by overheating of the economy, and that\u2019s going to have to be worked out of the system and that\u2019s probably not going to be such an easy thing.\u201dAccording to Blackburn\u2019s office, the Tennessee senator will be \u201cjoined on this legislation by Senators Roger Marshall (R-KS), Joni Ernst (R-IA), and Rick Scott (R-FL).\u201dTo that extent, Marshall issued a statement in the release in part saying: \u201cInflation hurts everyone but none more than our seniors and young hard-working families living paycheck to paycheck. I\u2019m proud to partner with my colleagues to introduce this legislation to halt Democrats\u2019 out-of-control spending and restore a flourishing free market economy for the American people.\u201dErnst of Iowa noted that the proposed bill would \u201cforce Congress to work together\u2014across party lines\u2014to rein in its out of control spending and address the rising costs that continue to punish hardworking families.\u201dLikewise, Scott added that \u201cCongress should not pass laws that fuel inflation and raise prices on hardworking families.\u201dIt is expected that the Stop The Inflationary Spending Spree Act will be introduced Tuesday afternoon.The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a\u00a0member.<\/p>\n","protected":false},"author":326,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1117870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1117870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/326"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1117870"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1117870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1117870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1117870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1117870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}