Rick Scott

On Tuesday, Sen. Rick Scott (R-Fla.) said federal spending policies were driving inflation and rising credit card debt, arguing that Congress needs to rein in borrowing to ease financial pressure on American households.

Scott posted on X that Americans are "struggling to pay off their credit card bills," adding that the root cause is what he described as a "spending problem" in Congress.

He argued that continued federal borrowing is "a massive drag on our economy" and said it is "driving inflation and inflicting real pain on working American families."

Scott also called for immediate fiscal changes, stating, "We need to balance the budget, cut reckless spending, and actually take care of Americans' money."

US Debt And Inflation Warnings Grow

Rep. Thomas Massie (R-Ky.) said President Donald Trump's policies and major spending measures could push the federal deficit to about $2.065 trillion in 2026.

He cited government projections and argued that debt and rising interest costs could become unsustainable.

Separately, JPMorgan economists said inflation linked to geopolitical tensions could keep prices above the Federal Reserve's target, weaken growth, and pressure consumers through higher energy costs and reduced spending power.

Earlier, Former Rep. Marjorie Taylor Greene (R-Ga.) pointed to record national debt, inflation and higher fuel prices, saying Americans had seen no real improvement in living conditions.

Investor Ross Gerber also criticized government policy, saying it was fueling inflation and volatility in bond markets, and warned that Americans would "pay the price" for fiscal decisions as elections approach.