On the recordSeptember 15, 2022
Madam President, the August inflation numbers came out this week, and they weren't good. Inflation was even higher than expected. It was very clear that soaring prices are likely to continue for quite a while, but as usual, it doesn't seem to concern the Democrats one bit. The President was asked Tuesday if he was concerned about August's even-worse-than-expected inflation report. His answer? ``No, I'm not.'' It was just one more tone-deaf moment for the President and the Democrats. On Tuesday, the President and the Democrats gathered at the White House to congratulate themselves for having passed their so-called Inflation Reduction Act, a bill that will do nothing--nothing--to reduce inflation. That is not just my opinion. That was the conclusion of the nonpartisan Penn Wharton Budget Model and of the Democrat chairman of the Senate Budget Committee, who referred to the bill as the ``so-called Inflation Reduction Act'' on the Senate floor while admitting it would do nothing to solve our Nation's inflation crisis. But that didn't stop the Democrats from celebrating yesterday. For most of us, of course, it is difficult to understand what there was to celebrate. Leaving aside the issue of the 40-year-high inflation, we already know that the bill will also fall short in another respect--on deficit reduction.…





