On the recordJune 24, 2021
We should be experiencing one of the greatest economic booms in our history as we emerge from COVID, yet prices are climbing, consumer sentiment is plunging, and there are more than nine million open jobs without workers to fill them. That is the most ever. In my State of Kansas, we have 3.6 jobs available for every job seeker. Subsidizing people not to work and spending without restraint is stalling out this recovery and causing inflation. In May, core inflation rose at its fastest pace since 1992. That is because Democrats' untargeted spending has acted like kindling for inflation. There is too much money chasing too few goods. Recent surveys show that 70 percent of Americans are concerned that President Biden's spending plans could lead to inflation. But if you have filled up your gas tank recently or entered a grocery store, you know that it is already there. Instead of working to quickly reopen and prioritize getting America back to work, upon entering office, President Biden took his eyes off the ball and squandered the recovery that President Trump had handed to him. In the first five months of 2021, the current administration has added 500,000 fewer jobs than the last 5 months of 2020. President Biden should be concerned about his economic crisis. Biden's slow-growth agenda calls for $6 trillion in government spending with $3 trillion in new taxes. That would crush small and midsized companies, resulting in far fewer jobs down the road.…
