On the recordJuly 28, 2021
America has seen a number of horrendous financial crises before, but none that have so quickly developed as the fiscal crisis this White House created with trillions of dollars' worth of drunken spending and tax proposals in just the first 7 months of control. The most glaring, almost parody-level, example is the administration's $3.5 trillion and growing, newly labeled, human infrastructure package, which is nothing more than a rosy-sounding title for socialism. The results of these radical tax-and-spending policies, what are they? A sluggish economy, inflation, and one of the most dramatic expansions of the welfare state in recent history. Recently, the Department of Labor reported that consumer prices climbed for the third straight month, jumping 5 percent in June, the largest increase in 13 years. Every day, we see inflation impacting hard-working Americans. In fact, this past weekend, we held five townhall meetings in Kansas, and thanks to this administration's economic policies, runaway inflation has replaced COVID at the top of the mountain of concerns for people of my home State. In Kansas, we are paying more than $1 more per gallon at the gas pump, 40 cents more per gallon of milk, and almost 20 percent more for a home than we were at this time last year. While wages have increased, inflation continues to outpace them by more than two-to-one.…
Source
govinfo.gov




