Smith: Thanks to Biden Inflation Crisis, Americans are Facing a Blue Christmas

Press Release

House Budget Committee Republican Leader Jason Smith (MO-08) released the following statement after the Consumer Price Index showed prices remaining at a 40-year high of 7.1 percent, with overall prices having risen 14.3 percent since Joe Biden became President:
"Thanks to the spike in prices brought on by the Biden Administration and Congressional Democrats' reckless spending, Americans are bracing for a blue Christmas. The tree, the presents under the tree, food on the table, and energy to power lights and heat the home will take an even bigger bite out of the family budget this year. Inflation sparked by Democrats' $10 trillion spending spree has squeezed American pocketbooks for almost two years now. The rise in inflation since Joe Biden took office is now costing workers nearly two months' worth of their paychecks. As a result, Americans are expected to buy fewer gifts and give less to charities that rely on year-end donations to survive.
"Washington Democrats' reckless spending put families in this mess. The Federal Reserve has been forced to respond by aggressively hiking interest rates, with more expected to come tomorrow. In a new majority, House Republicans will work to clean it up by combating wasteful spending that fuels inflation. Our Commitment to America focuses on building a strong economy that increases wages, gets American's back to work, where we produce more energy here in America and strengthen our supply chains. Americans are tired of the constant anxiety about how they will afford to take care of their families. Starting on January 3, 2023, help is on the way."

-- House Budget Committee Republican Leader Smith

Democrats' Spending Agenda
Under President Biden and Washington Democrats, spending has increased by $10 trillion, including:
$2.5 trillion increase in interest payments on the growing federal debt
$1.9 trillion American Rescue Plan Act
$745 billion Inflation Reduction Act
$1+ trillion on Biden's Executive Actions
$625 billion Infrastructure Investment & Jobs Act

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