Posted on 11/26/2022 11:01:35 AM PST by SeekAndFind
The Biden Administration has spent and printed a reckless amount of money since entering office in January 2020.
Nearly $4 trillion has been spent in just the eighteen months President Joe Biden has been in the White House, fueling the reason why inflation remains at a 40-year high and the economy is quickly heading down a black hole.
However, with the newly-controlled GOP house, Rep. Tony Gonzales (R-TX) vowed to intervene with Biden’s big spending plans.
“I like to remind people: The power of the purse strings resides with the House,” Gonzalez said, adding that Republicans need to take action right away.
As the GOP takes over the House next year, Gonzalez said Republicans will put a cap on Democrat’s highway robbery spending, which has caused American’s wallets to dwindle.
The Texas Rep. criticized Biden’s student loan forgiveness plan, which wiped thousands of student loans that needed to be paid off.
“Republicans need to go on the offensive,” Gonzalez said, “there was nothing 'free' about free college.”
Moving on to the Democrat’s Inflation Reduction Act, which Biden promised would diminish inflation, only has caused the situation to worsen.
“The reality is that [Democrats] caused this inflation to occur, and all they've done is add more fuel to the fire. The Inflation Reduction Act did nothing but reduce inflation,” Gonzales said.
When Biden took office, the 2021 budget deficit was $2.8 trillion, well over the normal range.
To breakdown where the money went during Biden’s two years in office, $1.9 trillion went to the American Rescue Plan, $13 billion went to “gun violence,” $737 billion went to the Inflation Reduction Plan, and $280 billion to the CHIPS Act.
Where and when have we heard this being repeated ad nauseum before?
What happens when like under Bush Jr., Obama and even Trump, the budget cannot be agreed upon and we have another government shutdown and people start complaining about federal parks being closed and not being able to apply for passports ? Huh?
We've seen this movie replayed many times before.
Sure they will.
They will, as soon as they get a round tuit.
We can dream.
Why am I not convinced?
I remember hearing the same old song in the 60s. They only get elected y buying votes. They used to give away our money raised with taxes. Now they just create unlimited amounts of money to give away and we pay through inflation.
“The power of the purse strings resides with the House,” — good luck with that. What are you going to do about it when he illegally gives away another trillion? Arrest him?
Troop strength = DEPLETED
Oil reserves = DEPLETED
Munitions = DEPLETED
Prepping the field for Chinese Takeover.
Right....and the moon is made of green cheese.
Not going to happen. The GOPe is just as unconstrained in their spending as the dhimmicraps. They are either side of the UniParty Challenge Coin.
They’ll control it - right into Raytheon’s pockets.
Deficit reduction is still excessive spending...
In the black means payback... Never happen though.
Team Brandon has it covered ..they will bet the whole thing .. double or nothing..on black.
congresscritters have never met a tax or spending bill they did not support
Okay, but I refuse to hold my breath.
Did MAGA man cut any spending?
I’ll believe it when I see it. Have absolutely no faith in the GOPe.
Correct.
More GOPE shilling from Townhall. The author was cracking up while writing this, I’m certain.
.
There’s more chance of Guam tipping over.
.
How to control spending:
Allow China to buy America and Washington D.C., and let them run things.
Oh wait a minute, already been done under the Democrats. Never mind...
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