On the recordJuly 18, 2022
Today, I rise to discuss yet another disastrous economic record for the Biden administration: Inflation has hit 9.1 percent. Grocery costs are up. Gas prices are up. Nearly every essential item for living is up. The Biden administration's failed economic policies and congressional Democrats' unchecked spending has put our economy on the verge of recession. In Kentucky, citizens are paying twice as much at the gas pump as they did last year. In fact, Kentuckians have seen a 50 percent increase in gas pries since last year and a diesel increase of 84 percent, which is detrimental to the farming industry. Farmers are at their breaking point. The USDA recently reported that farm expenses are expected to rise by over $20 billion next year alone. I am hearing from constituents in Kentucky's First District who are deeply concerned and rightfully so. Farmers are saying it is costing thousands of dollars more per day to keep their farm equipment operational due to the skyrocketing price of diesel. This is unsustainable. On top of inflation, it is clear that President Biden has made diminishing American energy production a top priority. Madam Speaker, Americans are in trouble. No matter how hard Democrats try, Congress cannot spend their way out of this problem. ____________________
