Guest column: Biden’s reckless spending spree is hurting Bay State families

Throughout the 2020 campaign, Joe Biden made no bones about his plans to raise taxes on Americans. Now as president, Biden’s getting his wish. Here in Massachusetts, Bay Staters from Boston to the Berkshires are being hit by the hidden tax Biden is levying on families in the form of rising prices.

Thanks to Biden’s disastrous economic policies, prices are climbing higher and higher, month after month, with no signs of slowing down. It’s not like inflation is merely inching upward on Biden’s watch either. This June marked the third consecutive month that producer prices reached record highs. It was also the same month consumer prices rose 5.4% — the fastest clip in 13 years — and core inflation increased 4.5%.

For some perspective, the last time inflation spiked that sharply in a single month, George H.W. Bush was in the White House and Roger Clemens was pitching a Cy Young season for the Red Sox.

From facing higher prices at the pump to spending more to go out to eat, Americans are paying more everywhere they go. To add insult to injury, at the same time prices are going through the roof, workers’ real wages have gone in the opposite direction. The diminished purchasing power Americans now have as a result of rapidly rising prices coupled with depressed wages shouldn’t come as a surprise. It’s the direct and predictable result of the runaway spending spree Biden has gone on ever since he took office

Democrats are now admitting Biden’s policies are driving up prices. Even going back months, left-leaning economists tried warning Biden that spending trillions of dollars we don’t have is surefire way to create out of control inflation.

But Biden didn’t listen, and so now he is desperately trying to downplay a problem nearly nine in ten Americans are worried about.

The real kicker, though, is what is Biden is offering as solutions to skyrocketing prices. Biden’s prescription for the economic harm he’s caused is a reckless plan to ram through trillions more in higher taxes and even more government spending. In other words, the plan is to double down on the same set of policies that created the problem in the first place.

It wouldn’t be fair to lay the blame solely at Biden’s feet, however.  Liberals here in Massachusetts like Elizabeth Warren, Ed Markey and your state’s 100% Democrat congressional delegation also bear responsibility for rubberstamping Biden’s radical agenda every step of the way.

Democrat failures go further than just ushering in a new era of inflation. Almost universally, Democrats have also backed the disastrous policy of paying people not to work. Recent polling confirms that overly generous federal unemployment benefits are the reason behind why 1.8 million Americans haven’t gone back to work. By forcing small businesses to compete with a federal government offering free cash, Democrats have prevented those businesses from hiring, hamstringing our economic recovery in the process.

Right now, Massachusetts along with the rest of America should be enjoying a post-pandemic economic boom as businesses reopen and our country gets back to normal. Instead, Biden is squandering the economy recovery he inherited from President Trump and Republican-led leadership. Biden’s inflation-inducing policies are no small part of the reason why.

After six months of paying more and more to get less, Americans are having buyer’s remorse about Joe Biden’s presidency and Democratic control of Congress. That’s why in 2022, I know Americans are going to reject Democrats’ radical agenda by electing Republicans who will restore common-sense, conservative economic policies that work.

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Thomas O. Hicks Jr. was elected to serve as co-chairman of the Republican National Committee in January 2019.

from Boston Herald https://ift.tt/2UV65o8