On the recordJuly 14, 2021
Madam President, President Biden's economic policies are causing nationwide sticker shock. The price of nearly everything is higher today than it has been since Biden was in the White House the first time. The cost of consumer goods has gone up every month since January, and the markup in prices over the past year is the biggest annual increase since 2008. The Democrats' response to these rising prices is to simply spend more, which is making the problem worse. Paying people not to work is contributing to worker shortages. Not having enough workers is resulting in service and supply shortages. Combine these two factors with trillions of dollars of government spending, and it all adds up to higher prices on everything for everyone. It is a common story wherever I visit on my 99-county tour. Because of Washington's upside-down economic policies, small businesses are struggling to hire workers, and our families are paying much more for far less. Put simply, under Bidenomics, the price is up. Everyday products, like diapers and paper towels, are either increasing in cost or decreasing in size, which is the same result: more money out of our wallets. Whether you are eating in or you are dining out, the one thing you are guaranteed to find on every supermarket shelf and restaurant menu is higher prices. A pound of sliced bacon has increased a whole dollar in just the past year, and the fast-food dollar menu is disappearing. We are paying more at the pump too.…





