Political Quotes

“Mr. President, today I am introducing the Food and Fuel Family Savings Act, FFFSA, along with Senator Whitehouse, Senator Feinstein, and Senator Merkley. Price increases, particularly for basic necessities like food and gas, are weakening household buying power and cutting family budgets across the country. Americans are struggling, and it is critically important that we both address the long-term factors driving inflation and support the millions of families facing higher prices right now. That is why we are introducing this legislation, which would provide eligible individuals and families with debit cards to cover higher food and fuel prices in the short term and help tame inflation in the medium and long term. A number of factors are driving our current bout of inflation. Pandemic-driven supply chain snarls, a surge and shift in demand towards goods, and corporate consolidation have created an imbalance between supply and demand. Energy prices have risen particularly quickly, as OPEC limits output and oil companies refuse to invest in domestic production to meet growing demand. Russia's invasion of Ukraine has also decreased global oil, fertilizer, and wheat supplies, moving prices higher for food and energy. These wide-ranging pressures pushed the Consumer Price Index up 7.9 percent in February--its fastest increase in 40 years. Hard-working Americans are not at fault for these global price pressures.…”