Posted on 05/20/2022 11:36:35 AM PDT by EBH
Or you can buy the only grocery item that’s apparently inflation-proof: 99-cent AriZona iced tea.
Context The annual Inflation rate currently stands at a 40-year-high of 8.5%, the highest level of inflation since December 1981. As prices surge, two categories have particularly hit Americans’ wallets.
One is fuel, which reached an all-time record national average of $4.33 per gallon in mid-March, and fuel still remains at a near-high $4.12 per gallon as of this writing. Another is food, which as of February had experienced 7.9% year-over-year inflation.
What the bill does The Food and Fuel Family Savings Act would give millions of Americans $600, to be used only for food or gasoline. The amount of the credit would also be reduced for those making above $40,000.
Children and dependents wouldn’t receive the money directly, but those who claim them as dependents would receive an additional $600 for each dependent. Non-citizens would be ineligible for the funds.
The bill was introduced in the Senate on April 7 as S. 4060, by Sen. Jack Reed (D-RI).
What supporters say Supporters argue the legislation provides much-needed relief on two key spending areas as prices surge, shielding the most disadvantaged from much of the economic effects.
“Hard-working Americans are not at fault for these global price pressures,” Sen. Reed said on the Senate floor when introducing the bill. “Yet these households, which often put a large share of their income towards basic necessities, are being forced to bear the burden of higher costs.”
“The average American household would receive $1,500. Using estimates from [economists], this payment should cover the additional $183 the average family will spend each month on food and fuel for the rest of 2022,” Sen. Reed continued. “In other words, our legislation would ensure households can put food on the table and gas in the car this year.”
What opponents say Republican opponents counter that this legislation is a Band-Aid that doesn’t cover the biggest source of inflation: surging government spending enacted by congressional Democrats. Indeed, this bill would add more such government spending.
Inflation “[gets] worse, in my view, if we do it the way the Democrats propose,” Sen. Rob Portman (R-OH) said on the Senate floor. “Because by adding more fuel to the fire — more stimulus spending, in this case, trillions of dollars — you’re going to stimulate more demand in the economy. And inflation happens when demand outstrips supply. So you have a lot of demand for something, but you don’t have the supply for it and it raises inflation.”
“And that’s exactly what many of us predicted would have happened back in March of [2021], when Congress did the same thing, $1.9 trillion. A lot of it was stimulus spending, and people said, ‘This is going to cause inflation,’” Sen. Portman continued. “And sure enough, it did. It wasn’t just me and other Republicans. It was some Democrats as well.”
Odds of passage The bill has attracted three cosponsors, all Democrats. It awaits a potential vote by the Senate Finance Committee.
— — — — — — — — — — — — — — — — —
Yes. Handle inflation by handing out more free money. Brilliant.
These criminals know what they are doing.
Take all the climate crap money out of the picture, shove it...and we can get back to normal. We get “0” return for all that money...nothing....nada...
This is why we need mandatory Drug and Alcohol screening for every Member of CONgress DAILY, with Severe Penalties, like 5 years in Prison and 100% Civil Asset Forfeiture for ALL Dirty Tests.
If Democrats were a fire department they would use gasoline instead of water to fight fires.
Just reverse all Biden policies.
A Niagara Falls of money for Ukraine and illegals. A sparrow fart for Americans.
i have the solution to all of our problems
dont vote democrat
Bollocks
We need a cheap eats crowd source of our own
https://newstextarea.com/deutsch/the-cheapest-eats-in-every-state/.
1. Water pie
https://www.southernplate.com/water-pie-recipe-from-the-great-depression/
Hint: freeze butter cubes or drop butter in ice water to harden it up good prior to cutting it in when making crust.
The administrative costs will exceed the amount of the checks. These days, most of any program appears to be spent on government salaries and overhead, not the actual program.
Non-citizens would be ineligible, LMAO, sure, nod nod, wink wink!
sure!
print trillions of fake dollars to buy votes
and when it destroys the economy,
double-down and print more “free” welfare money
I want to help all those with genuine serious disabilities that prevent them from working
indeed, I want to increase that help
but the other 95% on these welfare type give away programs need to just get off their fat butts (stereotype I know) and turn off the porn videos........and go to work like any self-respecting person does
“Non-citizens would be ineligible for the funds”
sure they wouldn’t
What millions? Illegals?
Modern version of bread lines.
No.
Don’t do this.
Awful.
bttt
HOW will they control where I spend this...only food & fuel????
Egads, not again. Does it dawn on them to increase supply?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.