Andy Biggs actually said...

So I guess my question for you, Mr. Joffe, is this. How many states went from being at budget balance or from a small surplus to having an e...

Which is another way of saying you got inflation.

And nobody here today has mentioned what inflation does to fixed income families and households. It is devastating to fixed income families ...

I am disappointed that there has been some misinformation coming from the Democrats in this hearing today as we start considering inflation.