Sen. Rick Scott (R-FL) said “he’s worried that interest rates and inflation will rise as a result of greater government borrowing once President Joe Biden’s $1.9 trillion stimulus package becomes law,” Bloomberg reports.
Said Scott: “There is a day of reckoning here — you can’t just raise debt. They don’t want to talk about how they’re going to pay for it, and now they’re going to want to go do an infrastructure bill.”
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Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.
Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.
Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.
Goddard is the owner of Goddard Media LLC.