With the cost of living already on the rise for Georgians in recent months, critics argue that President Joe Biden's $1.2 trillion spending bill will spike inflation rates further and greaten the hurt for Americans.
As the COVID-19 pandemic continues to knock the economy off course and spending plans in Washington pile up, necessities are becoming more unaffordable in the U.S. by the day, some observers note.
Trillions of dollars in spending as well as additional taxing increases are sitting on the table in Congress at a time when the pressure of rising inflation already brings anxiety to many Americans, according to one economics professor.
The pains of inflation are felt in nearly every American economic sector as the rising cost of goods affects the amount of money that working people take home.