‘President Biden Is In Denial’: Republicans Blast Optimistic White House After Dismal Inflation Release

House Republicans Rebuked President Joe Biden His optimistic view of life Economy Tuesday after an Inflation The report continued to show higher prices.

According to, price levels increased 6.4% between Jan 2022 and Jan 2023. Data released on Tuesday morning by the Bureau of Labor Statistics, exceeding analysts’ forecasts as energy, food, and shelter prices apply pressure to household budgets. Biden, who offered a The rosy view Despite inflationary pressures, supply chain bottlenecks and other challenges, there is still hope for the economy. Prices “coming down” Last week, in his State of the Union Address.

“Inflation has been a global problem because of the pandemic that disrupted supply chains and Putin’s war that disrupted energy and food supplies,” He stated. “But we’re better positioned than any country on Earth.”

Jason Smith, Chairman of the House Ways and Means Committee (R-MO), told The Daily Wire that spending plans offered by the commander in chief are worsening costs.

“President Biden is in denial and has no plan to stop the inflation he started,” He made a comment. “In his State of the Union address to the nation, the President promised more of the same reckless spending, welfare for the wealthy, and Green New Deal handouts that have made everything from gas to groceries unaffordable for working Americans.”

Last month saw food and shelter prices rise 0.5% and 0.7%, respectively. Energy prices, which fell 4.5% in December 2022 were responsible for much disinflation. However, this trend appears to be in reverse as utility gas and gasoline prices increased 2.4% and 6.7% respectively in January 2023. After gasoline prices hit their highest point, the fuel costs have risen. Höchstes Niveau Recorded last year.

Conforming to a Deal A deal was reached between House Republicans (R-CA) and Speaker Kevin McCarthy. The caucus aims to negotiate With the White House, on measures to reduce federal deficit. Smith claimed that Smith was a supporter of the “first step to fighting inflation is to put a stop to the wasteful Washington spending” That can lead to a reduction in household income.

“With the ongoing negotiations over the debt ceiling, President Biden and congressional Democrats have an opportunity to come to the table and work with Republicans to find common-sense solutions to root out wasteful spending that is fueling inflation,” He added.

Biden also stated during the address that the ceremony was his first. “largest deficit reduction in American history.” Biden was responsible for reducing the deficit to $3.1 trillion in fiscal 2020, $2.8 trillion fiscal 2021, and $1.4 trillion fiscal 2022. According to Data According to the Office of Management and Budget (OMB), he failed to mention the fact that record spending resulted from stimulus measures taken to lessen the effects of the recession-induced lockdown. The deficit last year is greater than those seen in years prior to the crisis.

Others argued that inflation is caused by runaway deficits. Sen. John Boozman (R-AR) That “getting spending under control” Family relief would be offered by Senator Mike Braun (R – IN) Additional That “Biden’s inflation crisis shows the true cost of trying to replace the productive economy with government.”

In the last two years, rising prices have caused problems for households. Respondents to the Gallup survey were approximately 50% Survey They are, they said. “financially worse off” Comparatively to one year ago 35% stated they are “financially better off,” The poll’s most disappointing results since 2008/2009, when the economy crashed, were the following: