Newt Gingrich taught Alexandria Ocasio-Cortez one lesson she will never forget
Alexandria Ocasio-Cortez is pushing the Democrat Party further to the Left every single day.
It’s not going well.
And Newt Gingrich taught Alexandria Ocasio-Cortez one lesson she will never forget.
Ocasio-Cortez is one of the loudest voices in Congress demanding Democrats ram a $3.5 trillion socialist spending bill into law.
The push to impose the greatest expansion of the federal government since the 1960s occurs against the backdrop of runaway inflation that defied the so-called “experts” predictions that skyrocketing prices would be a short-lived phenomenon.
Appearing on Fox News, former House Speaker Newt Gingrich blasted Ocasio-Cortez for living in a fantasy land where the government could run up trillions and trillions of dollars of debt and not face any consequences.
“There’s no amount of money that left-wing anti-Americans wouldn’t spend. There’s no amount of money that you could give people that they would think is too much and if you were to ask AOC ‘what’s the most somebody should get,’ she couldn’t possibly give you an answer. You ask her, who is going to pay for all of this?” Gingrich began.
Gingrich pointed out that inflation is a major worry – the June report showed inflation rising by the quickest rate in that month since 1991 – and Democrats are just throwing more gasoline on the fire with this spending orgy.
“It’s a fantasy, so we’re in a situation right now where we’re on the edge, I think, of significant inflation, because the government is spending far more than it’s taking in. It is putting dramatic inflationary pressure on the economy, and every American will end up being poorer because of the policies of the left-wing Democrats,” Gingrich added.
Even Democrats running for re-election in 2022 worry that Republican attacks on inflation will turn voters against Joe Biden and his allies.
RealClearPolitics reports, “Over the past month, [Iowa Congresswoman Cindy] Axne had plenty of company as several of her vulnerable Democratic brethren awkwardly fielded questions about this year’s rising costs of goods and services while defending plans to pass trillions of dollars more in infrastructure and anti-poverty funding. All the spending, along with a $1.9 trillion pandemic relief stimulus bill passed earlier this year, is pushing up demand and prices and will only exacerbate an already overheated economy, many economists have warned.”
Alexandria Ocasio-Cortez does not seem to understand the basic laws of economics.
The more money there is in the system, the more it declines in value.
And that pushes up prices, which diminishes the purchasing power of the dollar.