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.
Ha Ha
Anyone think Kevin McCarthy has the spine to shut down the government —pass no funding — when China Mitch refuses to spend less, and/or Biden vetos?
McCarthy will “compromise” (cave), as always. We need someone with demonstrated spine, not promised spine, who has never showed it in the past.
Uh Huh. Sure they will.
Yes cut aid to some countries .................
Not sure it would be a good idea. Newt Gingrich inadvertently saved Clinton’s butt on economics. If Clinton had run amok like Bidenjill has the economy would have tanked so bad he wouldn’t have won reelection.
That was like 0.05% of federal spending. Major spending is for Medcare, Medicaid, Social security, welfare, and pentagon. None of that was cut.
A lot of cuts happened check the record.
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