On the recordSeptember 22, 2022
Madam President, last week, we received what might have been the worst economic news I have ever seen in 1 day in my lifetime. In Joe Biden's America, it costs more to feed your family. In Joe Biden's America, your commute to work is more expensive. In Joe Biden's America, it is a struggle to pay the bills that power your home. In Joe Biden's America, farmers and ranchers are facing such high input costs that they are struggling to grow the food that feeds our Nation and those around the globe. In Joe Biden's America, just as kids are heading back to school, the price of school supplies has increased by over 9 percent. This President continues to preside over the worst economy that most Kansans have ever seen in their lifetime. This is all thanks to the Democrats' massive, hyperpartisan, tax-and-spending bills and, of course, their business-crushing Federal regulations. As you can see on this chart, inflation was just 1 percent in January 2021--1.4 percent. Today, it is over a staggering 8 percent, almost 6 times higher than when Joe Biden took the reins and his woke inflationary policies wrecked our economy. Look, energy, groceries, and shelter account for two-thirds of inflation, and they always lead inflation. Inflation is not going away unless this administration does an about-face on its policies, and we know that is not going to happen. Let's take a look at what Joe Biden has done. Energy--energy is up 23 percent; groceries, up 13 percent; shelter, up 6 percent.…
Source
govinfo.gov




