On the recordApril 10, 2024
Mr. President, inflation numbers came out this morning, and it won't surprise anyone to discover that it was yet another month of elevated inflation, par for the course for the Biden administration. Inflation that not only remained well above the Federal Reserve's target inflation rate for yet another month, it actually kicked up in March to 3.5 percent, not exactly a hopeful trend. It has been a rough few years for the American people under President Biden, thanks in large part to the President and Congressional Democrats' decision to push forward with their American Rescue Plan spending spree, despite, I might add, warnings even from liberal economists that it ran the risk of setting off inflation. But now the entire Biden administration has been one long inflation crisis. Today, a typical family is paying $1,000 more per month to maintain the same standard of living they enjoyed when President Biden took office. Now, think about that for just a moment. Today, a typical family is paying $1,000 more per month--$12,000 more per year--to maintain the same standard of living they enjoyed when President Biden took office--if, of course, these families even have that money available. There is no question that there are families out there--a lot, I suspect--whose standard of living has diminished since President Biden took office because they simply don't have the money to maintain the same living standard with the elevated prices in the Biden economy.…





