“To fix a problem, you have to get to the source, and Washington’s spending spree caused this inflation.”
MADISONVILLE, La. (Jan. 4, 2024) – Senator John Kennedy (R-La.) penned this op-ed in The Ouachita Citizen explaining how Washington’s out-of-control spending helped fuel inflation that far outpaced real wage growth during the past two-and-a-half years. Kennedy urges President Joe Biden to work with fiscal conservatives to regain control of federal government spending in the new year.
Key excerpts from Kennedy’s op-ed include:
“If recent polling is any indication, the American people are hoping President Biden’s New Year’s resolution will be to stop promoting bad policies that drive up prices and lower their quality of life.
“Some at the White House, however, believe the American people have nothing to complain about. For the last part of 2023, President Biden’s team has been wielding cherry-picked statistics about gross domestic product (GDP) growth or job numbers hoping to convince Americans not to believe their ‘lying eyes’—or their empty wallets. The Biden administration seems to think that if they celebrate ‘Bidenomics’ as if it were good policy, the American people will join the party.
“Unfortunately for President Biden, Americans may be poorer under his tenure, but they can still afford to pay attention. They’ve watched prices climb for two-and-a-half years, and they know wages aren’t keeping up.”
. . .
“Families deserve the full truth about the economy, and here it is: Most of these high prices are here to stay. The rate of inflation has slowed down—and that’s good news—but all that means is that prices aren’t rising quite as quickly as they did last year.
“To fix a problem, you have to get to the source, and Washington’s spending spree caused this inflation.”
. . .
“As January approaches, the Biden administration should make a simple New Year’s resolution: Work with fiscal conservatives in Congress to cut spending. That’s the only way working Americans will get consistent relief from the pain of rising prices.”
Read Kennedy’s full op-ed here.
