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By passing their $1.9 trillion legislation in 2021, President Biden and House Democrats put their radical, activist base over the needs of the American people. Now we’re seeing the results of their out-of-control spending spree: near 40-year high inflation that has resulted in 64% of Americans living paycheck to paycheck.

Rising prices at the grocery store and at the pump have gotten so bad that even this administration’s allies in the liberal news media have had to admit that Democrat spending has jeopardized the financial wellbeing of American families.

That’s why, today, when House Republican Leader Kevin McCarthy delivered a speech on the House floor, he made it clear that the American people cannot afford two more years of one-party, Democrat control.

Remarks as prepared are below, or you may watch online here.

“I come from a part of the country where people are used to working hard and making things.

“For some, it’s producing oil and natural gas.

“For others, it’s farming.

“For me, it was owning a small business.

“What we do may be different, but why we do it is not. We want to provide a better life for our family and our children.

“That’s the American Dream.

“That’s what we strive for.

“That’s what we sacrifice for.

“And that’s what Democrats’ radical policies are destroying.

“Today, the ex-chairman of the Federal Reserve said that the US economy is heading towards stagflation for the first time since the 1970s.

“The CEO of Goldman Sachs also said that the risk of falling into a recession is ‘very, very high.’

“Did you ever think that would happen in just one year of one-party rule?

“The last time we went through stagflation was in the 1970s after an oil supply shock. And today, Democrats’ radical policies are leading to a similar shock in terms of energy.

“Since April 2021, prices have risen at least 5 percent every month.

“And this year, prices have risen at least 7 percent for five consecutive months.

“In gas costs alone, families will pay an extra $2,000 this year to fill up at the pump. That’s money they could have used for their children’s education or a summer vacation.

“Democrats are presiding over one of the costliest years in recent history – and the next year could be even worse.

“Americans need stable, competent leadership that understands the problems our country faces.

“Want to lower gas prices?

“Republicans’ answer is to unleash American-made energy.

“Democrats’ answer is to hire another six-figure, out-of-touch Washington bureaucrat who has never run a business to tell people who work for a living what to do.

“They’re attacking energy producers to shift blame from their own failures.

“They have no better answers to the problems they created – except to demand more control.

“But that’s what got us here in the first place.

“Last March, Democrats dumped $2 trillion into a recovering economy and paid people not to work.

“This scheme worked well for the well-connected.

“Blue states got bailouts.

“Washington Democrats got more power.

“But working families got crushed by the worst inflation in 40 years.

“This is why Americans don’t trust Democrats.

“For all those watching — for all those struggling to put gas in the tank and food on the table — we know Democrats think they can afford to stay in power for two more years.

“The question is, can you?”

Tags: Economy