Political Quotes

“In less than 6 months, the Biden administration's policies have disrupted the fundamentals of our economy and have caused significant inflation. In March, congressional Democrats pushed through the $1.9 trillion American Rescue Plan, some thought after the recovery began, in a highly partisan process without one Republican vote. This level of spending was unwarranted. Even many liberal-minded economists estimated it was three times bigger than needed and warned of inflationary pressures not seen in a generation as a result. Inflation occurs when too many dollars are chasing too few goods, and predictability, this influx of spending resulted in prices increasing 4.2 percent in April and 5 percent last month. The reality is that inflation is a tax, Mr. Speaker, on every American family who is now paying more for essential goods, such as food and gasoline and many others, and whose savings are now worth less. Again, even liberal- minded economists called this the least responsible fiscal policy of the last 40 years. At the same time, businesses are struggling to compete with Federal unemployment benefits. In one month, 4 million Americans walked off their jobs. Last month, there were a record 9.3 million open jobs, a level not seen since the beginning of World War II, when Americans were leaving to go fight the war. Yet, the Biden administration denies the correlation between open jobs and excessive, untargeted unemployment benefits.…”