On the recordJuly 27, 2022
Mr. President, the mountain Americans have to climb to make ends meet keeps getting steeper and steeper as a result of Bidenomics. Since President Biden began his reckless tax-and-spending spree, prices are sky-high for gas, food, housing, and just about everything else. The administration's own statistics reveal inflation jumped nearly 10 percent in the last year, the biggest increase in over four decades. Democrats keep telling us not to worry and that the problem is only ``temporary.'' Yet, every month, prices keep climbing and climbing and climbing. The reason is simple: President Biden's fiscal policies are driving costs higher and higher. You may recall I came to the Senate floor a year ago to warn my colleagues that Bidenomics was causing inflation to spin out of control. Yet Democrats have ignored the struggles being inflicted on hard-working Americans and continue to pass one trillion-dollar bill after another. As reckless spending increased, the value of the dollar declined, meaning paychecks aren't going nearly as far as they did just a year ago. To make matters even worse, the Biden administration's ongoing effort to end domestic oil and gas production is fueling the elevated price at the pump, which reached an alltime high of more than $5 per gallon this summer; and an internal analysis by the Biden administration's own Treasury Department forecasts that, this fall, gas prices could top $6 a gallon.…





