While GOP Deflates Government Budget, Consumer Costs Rise

While GOP Deflates Government Budget, Consumer Costs Rise



It’s no wonder so many Americans are against GOP-proposed budget cuts; at the same time that policymakers are slashing funds for consumer services, both the cost of living and the national unemployment rate continue to rise. In January, the cost of food, energy, clothing and travel rose dramatically with more increases expected this Spring.  Likewise,  the more than 9 percent national unemployment rate is expected to remain steady for the rest of the year. Nonetheless, House Republicans continue to endorse budget cuts that ultimately hurt struggling Americans as the answer to our nation’s economic woes.

Highlighted Clip for Thursday, February 17, 2011:

"Consumer prices, unemployment claims rise"
Consumers paid more in January for everything from food and gasoline to airline tickets and clothing. The price increases reflect creeping but still-modest inflation. Another report showed that more people applied for unemployment benefits last week, one week after claims had fallen to the lowest level in nearly three years.