• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Monday, December 11, 2023
The Iowa Torch
  • Home
  • State Government
  • Federal Government
  • Local Government
  • Politics
  • Education
  • Opinion
No Result
View All Result
  • Home
  • State Government
  • Federal Government
  • Local Government
  • Politics
  • Education
  • Opinion
The Iowa Torch
The Iowa Torch
No Result
View All Result
Home Federal Government

Video: Ernst says ‘Bidenomics’ is pushing nation off ‘fiscal cliff’

U.S. Senator Joni Ernst spoke on the Senate floor to highlight the climbing inflation rate—nearing a ten percent increase over the last year.

Iowa TorchbyIowa Torch
July 28, 2022
in Federal Government
Reading Time: 4 mins read

WASHINGTON – U.S. Senator Joni Ernst, R-Iowa, spoke on the Senate floor on Wednesday to highlight the climbing inflation rate—nearing a ten percent increase over the last year—that Americans are facing under President Biden. To illustrate this concept Ernst used a classic Price is Right game – the Mountain Climber, starring President Biden as the Yodeler.

RELATED POSTS

Iowa’s U.S. House members vote to support Johnson as Speaker

Hinson, Feenstra, & Miller-Meeks call on DOJ to investigate Pro-Hamas activity

Miller-Meeks said she received death threats after voting against Jordan

Ernst’s full remarks are below, and readers can watch her remarks in the video above:

“The mountain Americans have to climb to make ends meet keeps getting steeper and steeper as a result of Bidenomics.

“Since President Biden began his reckless tax and spending spree, prices are sky-high – for gas, food, housing, and just about everything else.

“The administration’s own statistics reveal inflation jumped nearly 10 percent in the last year—the biggest increase in over four decades.

“Democrats keep telling us not to worry and that the problem is only temporary… yet every month, prices keep climbing … and climbing… and climbing.

“The reason is simple – President Biden’s fiscal policies are driving costs higher and higher.

“You may recall I came to the Senate floor a year ago to warn my colleagues that Bidenomics was causing inflation to spin out-of-control.

ADVERTISEMENT

“Yet, Democrats have ignored the struggles being inflicted on hard working Americans, and continue to pass one trillion-dollar-bill after another.

“And as the reckless spending increased, the value of the dollar declined – meaning paychecks aren’t going nearly as far as they did just a year ago.

“To make matters even worse, the Biden administration’s ongoing effort to end domestic oil and gas production is fueling the elevated price at the pump, which reached an all-time high of more than $5 per gallon this summer. 

“And an internal analysis by the Biden administration’s own Treasury Department forecasts that this fall, gas prices could top $6 a gallon!

“I am already hearing from Iowans and Iowa businesses about how folks aren’t even able to afford to drive to work!

“The problem is becoming even more difficult since Bidenomics is driving up the sticker prices on cars to record highs.

“The actual retail price for a new vehicle is… $48,000.

“And if that sounds like a lot, the cost of buying a home has also reached an all-time high of $416,000!

“It’s no surprise fewer people are buying homes.

“And then look at rent… it’s also hit a record high of nearly $1,900 a month.

“These unpredictable prices have everyone asking themselves if the Price is Right.

“Folks, Americans shouldn’t have to play guessing games about whether or not their paychecks can be stretched far enough to avoid going over a financial cliff.

“Each bill the Democrats have passed as part of the Biden Agenda has increased costs for working Americans while moving our nation closer and closer to the edge of the fiscal cliff.

“Consider that when Joe Biden was inaugurated as President in January 2021, the inflation rate was only ONE percent.

“After their so-called “COVID relief” bill, which cost $1.9 trillion, was passed in March of last year, the inflation rate moved up to nearly THREE percent.

“In July, President Biden claimed the quickly increasing prices were “temporary” and that his big spending plans would result in lower prices for Americans.

“But by the time the president signed his $1 trillion so-called “infrastructure” bill in November, inflation had climbed to almost SEVEN percent.

“In December, President Biden said inflation had reached its ‘peak.’

“He was wrong once again, and today inflation is more than nine percent.

“This isn’t a cliff hanger, folks.

“We all know where this is headed.

“Step by step, President Biden’s reckless tax and spend policies are taking us closer and closer to going over the cliff.

“And yet the Democrats are still trying to outbid each other with another trillion dollar, budget-busting, partisan package that would raise taxes on small businesses and increase prices for everyone.

“That’s right folks, Bidenomics is driving up the costs of everything and the Democrats’ solution is to spend even more of your hard-earned money to pay for more of their pricey partisan pet projects.

“Any more Bidenomics will push the economy over the fiscal cliff and into a recession.

“It’s time to take a step back and stop the wasteful Washington spending, which is the only way to make these prices come on down…”

Tags: inflationJoe BidenJoni ErnstU.S. Senate
ShareTweetShare
ADVERTISEMENT
Previous Post

Bird calls for Attorney General Tom Miller to agree to formal debates

Next Post

Two bills Feenstra introduced pass in the U.S. House

Iowa Torch

Iowa Torch

The Iowa Torch​ is a for-profit, news organization that focuses on political news as it relates to Iowans.

Related Posts

positive multiethnic couple drinking wine with guests
Opinion

Miller-Meeks: Budgeting for Thanksgiving

November 21, 2023
close up of the flag of israel
Opinion

Rogers: Kudos to Iowa Republicans for standing strong for Israel

October 31, 2023
close up of the flag of israel
Opinion

Miller-Meeks: Standing shoulder to shoulder with Israel

October 17, 2023
Miller-Meeks: From the Missouri to the Mississippi
Politics

Poll: Large majority of Iowans say country is on ‘the wrong track’

October 5, 2023
Reynolds, GOP Governors Press Biden on Border Crisis
State Government

Reynolds, Governors demand ‘honest, accurate’ information about relocated illegal immigrants.

September 20, 2023
Reynolds Calls Biden’s Electric Car Goal ‘Short-Sighted’
Opinion

Feenstra: Combating President Biden’s electric vehicle mandates

September 20, 2023
Next Post

Two bills Feenstra introduced pass in the U.S. House

Reynolds appoints David May to Iowa Supreme Court

Reynolds appoints David May to Iowa Supreme Court

Sign-Up For Our Daily Updates

Get The Iowa Torch right in your inbox!

Please wait...

Thank you for signing up!

Recommended Articles

Grassley Encourages Iowans to Do Their Part in Fight Against COVID-19

Grassley Encourages Iowans to Do Their Part in Fight Against COVID-19

November 17, 2020
Iowa Reports First Case of West Nile Virus of 2021

Iowa Reports First Case of West Nile Virus of 2021

May 27, 2021

Feenstra: Supporting the next generation of Iowa farmers and producers

June 28, 2023

Popular Stories

  • With lawmaker approval, some Iowa commission members could receive stipend

    0 shares
    Share 0 Tweet 0
  • Hendrickson & Phelan: The Future of State Fiscal Policy

    0 shares
    Share 0 Tweet 0
  • FBI report shows violent crime in Iowa is down

    0 shares
    Share 0 Tweet 0
  • Vivek Ramaswamy launches first ad of presidential campaign in Iowa, New Hampshire

    0 shares
    Share 0 Tweet 0
  • Three LGTBQ Books with Sexually Explicit Material Pulled from Waukee School

    0 shares
    Share 0 Tweet 0

The Iowa Torch

The Iowa Torch​ is a for-profit, news organization that focuses on political news as it relates to Iowans

Categories

  • Current Events
  • Education
  • Federal Government
  • Iowa History
  • Local Government
  • News
  • Opinion
  • Politics
  • State Government
  • Uncategorized
  • Uncategorized

Newsletter

Please wait...

Thank you for signing up!

© 2022 The Iowa Torch, a publication of 4:15 Communications, LLC.

No Result
View All Result
  • Home
  • About Us
  • Advertise
  • Contact Us
  • State Government
  • Federal Government
  • Local Government
  • Politics
  • Education
  • Opinion

© 2022 The Iowa Torch, a publication of 4:15 Communications, LLC.