House Republican Leader is tearing into President and Congressional Democrats on Tuesday for their 'radical and reckless spending sprees' which he says are to blame for August's steep 8.3 percent inflation spike.The minority leader told DailyMail.com that his party has a plan to cut 'wasteful spending' should they win the House of Representatives in November - a likely outcome, according to multiple projections.Inflation had been steadily rising throughout most of the year until hitting a 40-year high of 9.1 percent in June. It dropped off slightly to 8.5 percent in July, chiefly driven down by gas prices easing after a sharp spike over the summer. But August's 8.3 percent increase in consumer prices shows inflation is still running hot, while wages are failing to keep pace with rising costs.
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