Fix for ‘Eyepopping’ Inflation Is Slashing Government Deficit, Budget Watchdog Says

Then-Sen. David Perdue (R-Ga.) (L), Sen. Sheldon Whitehouse (D-R.I.), and President of the Committee for a Responsible Budget Maya MacGuineas at the 2018 Better Budget Process Summit in Washington on Feb. 26, 2018. Courtesy of the CFRB

Cutting the U.S. government’s budget is the best way to deal with out-of-control inflation, according to Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB).

Annual inflation hit 9.1 percent in June, which is a new four-decade high. Calling the numbers “eyepopping,” MacGuineas said in a July 13 CRFB statement that taming inflation should be a “top national priority.”