So, more spending is not the solution to inflation because if all of those spending programs worked as well as my Democratic colleagues have claimed, well, why did we stop at $3 trillion or $4 trillion of spending?

Inflation transfers wealth from the people to the government, and, frankly, there is no better definition of a tax than that.

Massive borrowing by the Treasury and monetary financing of deficits by the Federal Reserve created 40-year high inflation and imposed a hidden but heavy tax on the American people.

I estimate that for the typical American family, they are paying an additional $1,800 a year now in higher financing costs compared to January 2021.

This has been a loss in annual purchasing power of over $5,100.

It is patently unfair. It is patently un-American, in fact.

We have to, as Americans, be able to figure out how to navigate this.

the number one question that I hear still in our office is, why have we not received an Individual Assistance declaration?

I appreciate your commitment to personally look into this.

That means that there is going to be less money for defense, there will be less money for infrastructure, and there will be less money, ironically, for entitlements.

It is not student loan forgiveness. It is student loan transfer.