House Speaker Nancy Pelosi, D-Calif., argued Friday that global inflation "starts with [Russian President Vladimir] Putin," but that increased U.S. government spending on domestic social programs would help decrease the national debt and bring down inflation at home.
During the 2022 House Democratic Issues Conference, Pelosi referred to record gas prices in the U.S. as "Putin’s tax" and "Putin’s gas hike." She said passing components of President Biden’s multi-trillion-dollar social policy bill, called the Build Back Better Act, which is all but dead due to moderates' opposition, would make new investments in education and workforce development in a way that would eventually bring prices down.
Gas prices across the United States had been rising sharply long before Putin launched Russia's unprovoked invasion of Ukraine, since Biden's first days in office when he canceled the Keystone XL pipeline and "paused" oil and gas leases on federal lands via executive order. The Biden administration released 50 million barrels of oil from the National Strategic Reserve on November 23, 2021, in an attempt to alleviate growing pain at the pump. Russia invaded Ukraine on February 24, 2022. The Biden administration released another 30 million barrels from the reserve in early March 2022.
https://www.foxnews.com/politics/pelosi-government-spending-national-debt-inflation