Chairman Smith: Biden Bankrupting Families While Bankrupting America

Date: Aug. 10, 2023
Location: WASHINGTON, D.C.
Issues: Monetary Policy

"On their way to further bankrupting America with $10 trillion in new spending, President Biden and Washington Democrats are bankrupting families with the President's persistent inflation crisis. The worst price spike in a generation has already taken $10,000 from every working family, and the American Dream is moving further out of reach. Today's report is another grim reminder of the pain from "Bidenomics.' Prices have already risen 16.9 percent since Biden became President, and they are not only getting higher, but they are getting higher faster. While Washington Democrats want to spend like there is no tomorrow, Republicans are focused on delivering relief for families and small businesses struggling to make it in Biden's economy."


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