Washington is absurdly out of touch with the realities that hardworking taxpayers and families are facing. Just last week, President Biden held a grandiose celebration on the White House lawn of the so-called “Inflation Reduction Act” – a reckless spending spree he previously signed into law. While inflation continues to tear apart the budgets of Americans, Washington bureaucrats think it’s the opportune moment to pop champagne and celebrate. This is simply outrageous.

I’m going to lay out the facts, as I always do, and you tell me if they’re worth celebrating. In August of this year, the Consumer Price Index (CPI) came in “hotter” than expected at 8.3% for the 12 months ending August. The skyrocketing cost of goods and services will cost the average American household more than $700 a month. When added up, that’s an extra $8,000 per year that families will be forced to shell out. I can guarantee that Americans are not celebrating this.

Speaking of rising prices, what’s happening at the grocery store? Food prices have spiked 11.4% since last year. This is the largest one-year increase since 1979, and it certainly is not going unnoticed. Overall, grocery prices are up 13.5%. Do you believe that families across the country, that have slashed their budgets thanks to President Biden’s inflation catastrophe, are buying a celebratory cake and balloons? Of course not.

According to estimates from the Congressional Budget Office, the so-called “Inflation Reduction Act” would reduce inflation by only .01% in 2023. Spending over $700 billion that yields a one-hundredth of one percent change in overall inflation is the equivalent of using a spray bottle to put out a grease fire – it’s an inherently stupid idea. The American people are not fooled by the messages being projected to them from bureaucrats in Washington. The United States has already dipped its feet in recessionary waters thanks to the reckless spending sprees that Washington has greenlighted over the past year, and if nothing is done to fix this, we will be up to our necks in an economic catastrophe. Come November, Republicans will be the ones to fix this mess and deliver for the American people.

Our Investigation Will Continue

Recently, I joined Oversight and Government Reform Committee Republican Leader James Comer (R-KY) in sending a letter to White House Counsel, Stuart Delery, requesting information to determine whether Biden Administration political appointees have a conflict of interest and whether they or their family members are poised to benefit from President Biden’s student loan bailout. The student loan bailout does not exempt political appointees with outstanding student loans. Reports indicate that thirty senior White House political appointees have millions in outstanding student loans. Collectively, these political appointees owe approximately $4.7 million, an amount which does not include loans of mid-level staffers who are not required to publicly disclose their debts due to junior status or pay thresholds.

To read our letter, click here.

ICYMI: A Conservative Vision for Education After High School

Last week, I visited the American Enterprise Institute to discuss America’s broken student loan system and Republican solutions to reform education after high school, so students, borrowers, and taxpayers are protected. The President’s agenda of free college isn’t about students or improving our broken higher education system. It’s a trojan horse for handing Washington bureaucrats the control they desire. I set the record straight, as I always do, and laid out the facts as to how we can responsibly address the profound challenges facing higher education without empty bailouts and government overreach.

To watch the full event, click here.

Quote of The Week

“You don’t lead by hitting people over the head—that’s assault, not leadership.”

-Dwight Eisenhower

Have a blessed weekend,