Higher prices across the board along with supply shortages and empty shelves as we head into the holiday season are a painful reality.
Hi Friend,
Today, President Biden will sign into law the Infrastructure and Investment Jobs Act (H.R. 3684), also known as the bipartisan infrastructure framework or BIF.
While some of the money in the $1.2 trillion law will go towards fixing roads and bridges, a sizable amount of funding is dedicated to liberal pet projects and priorities.
This infrastructure will not slow inflation but could make it even worse.
Inflation is at a 30-year high. Prices on just about everything are higher now than this time one year ago. The $100 you had just this past January are now worth $94.57.
Gas is over 49% higher
Beef is 20% higher
Home heating bills are 28.1% higher
More federal spending won’t slow inflation but will supercharge it.
Even worse, the BIF is a downpayment on lawmakers’ plans for even more reckless overspending and an expansion of cradle-to-grave government. The $1.75 trillion Build Back Better (BBB) spending bill paves the way for massive federal spending that will fuel inflation, discourage work, and hand Washington more control over household decisions. It creates new entitlements including universal Pre-K and childcare subsidies, expands the child tax credit with no condition of work, includes climate change proposals that will increase energy costs for regular families, and more.
As the White House takes a victory lap, Americans aren't in the mood to celebrate.
Higher prices across the board along with supply shortages and empty shelves as we head into the holiday season are a painful reality. More federal spending will only make it worse.
