Tuesday, April 14, 2009

Nodler Warns of "Significant Inflation"

Missouri Senators are debating how to spend money from the president's economic stimulus plan. They propose spending most of the $943 million dollars on public schools, colleges and universities. But the head of the Senate Appropriations Committee worries the federal government's help now will hurt in the future.
"With the Washington printing presses running overtime, it's also virtually certain that we're going to enter into a period of significant inflation in this country . . . and that is -- make no mistake about it -- a tax . . .," said Sen. Gary Nodler.
Nodler's soundbite was played on KY3 News @ 10, in response to President Obama's statement on the economy Tuesday.

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