Joe Biden's State of the Union Address last month put the administration’s policy failures in plain sight for the American people. Repeatedly, Biden assured the American people that inflation is down, especially inflation relating to food and food products.
However, I'd like to present The State of Reality.
In January, the Consumer Price Report (CPI) - a trusted indicator of inflation - was released, and delivered startling news. Inflation is not slowing down! Instead, prices across the board have increased another 6.4% from last January! In January of 2021, inflation was at just 1.4%.
The State of Reality by the Numbers:
- Eggs are up 70.1%
- Butter and margarine are up 32.5%
- Fuel Oil is up 27.7%
- Lettuce is up 17.2%
- Milk is up 11.0%
- Food at elementary and secondary schools is up 301.9%
The State of Reality is people emptying savings accounts, working second or third jobs, and taking out loans just to put food on the table - as skyrocketing costs have cost families $10,000 over the past two years.
We must pass sensible spending bills and put Americans' back in control of their wallets. With over $31 trillion in debt, when is enough, enough? If we cannot work together to stop this inflationary spiral, I fear for the economic future of our nation.
It’s time to clean up the mess!
For Texas and Liberty
Pat Fallon
Source: https://www.bls.gov/news.release/pdf/cpi.pdf