On the recordJuly 25, 2022
Americans across the country are canceling their vacations, watching their 401(k)s shrink, and they are worrying about their week's grocery bill. Families are making very tight budgets, and they are having to stick to them because the prices have risen to historic highs. The price of ground beef is 36 percent higher than it was this time last year, as much as a steak dinner this time last year if you are buying hamburger meat. Businesses are raising prices on consumers in order to make ends meet. And if the costs of goods and basic services weren't high enough, skyrocketing gas prices have driven everything even higher. This is our economic reality of now and for the future for the next few years. My colleagues on the other side of the aisle and all of us need to start discussing ways to help our country and ease the economic strain, but we are not doing that this week or next week before we go on recess. For some reason, we are hatching plans to spend more taxpayer money to pay for progressive policies and programs that might be needed, but the American taxpayers need help, and they need it now. Americans are suffering, and the Federal Government is not doing its part to help in the economic plan. Let's take a step back and talk about how our economy got to this point with record inflation. We all remember 2020. The economy was humming along, and then a global pandemic hit all around our country and the world. It halted everything. It halted production.…
Source
govinfo.gov




