BIDEN ECONOMY: Middle Class Turning to Food Banks as Inflation Spirals Out of Control

WASHINGTON– Heads of food banks and non-profits throughout the United States say they are struggling to keep up with demand as the cost of groceries, fuel prices and other goods are leading first time recipients, many identified as middle class, to turn to these resources for help.

“Lines are getting longer at food pantries. Demand for food assistance is growing. And that is certainly putting a strain on the emergency food system,” Kyle Waide, president and CEO of the Atlanta Community Food Bank told the Atlanta Journal Constitution.

A report published last week by the Bureau of Labor Statistics stated that with inflation rates at a 40-year high, middle and working class Americans are struggling to survive.

Matt Pieper, the executive director of the food nonprofit Open Hand Atlanta, and Board president of Georgia Meals on Wheels State Association told the Constitution that the number of calls he gets in a day from people who are seeking food assistance has nearly tripled.

“There isn’t a program that I’ve talked with throughout the state that isn’t seeing an increase in demand for services, as inflation has skyrocketed and as the cost of fuel has skyrocketed,” said Pieper, whose organization provides about 5,500 meals a day.

“We’re feeding more seniors than we ever have before, because more seniors are accessing services because they’re running out of money,” he said.

According to the report published by the BLS, more than 18 million Americans sometimes didn’t have enough to eat last month and more than 5 million people often went hungry.

In May, food prices were 11.9% higher than in May of 2021, according to the U.S. Department of Agriculture

The government’s consumer price index soared 9.1% over the past year, the biggest yearly increase since 1981, with nearly half of the increase due to higher energy costs.

REPORT: American Families Have Lost $6,800 in Annual Wages Due to Biden Economic Policies

WASHINGTON– Single American workers have lost $3,400 in annual wages during the first 18 month’s of Joe Biden’s presidency due to economic policies which have resulted in 40-year-high inflation, according to an expert at the Heritage Foundation.

In an interview with Fox News E.J. Antoni, a research fellow at the Heritage Foundation, said a family with two working parents has lost $6,800 in annual wages.

“I can’t emphasize enough how much this is really crushing consumers,” Antoni said about his estimate.

“It’s [inflation] truly crushing the middle class and then the White House spokesperson says these garbage lines like ‘the economy is in transition,’” he said. “Transition in the same sense, I suppose, that an iceberg transitioned the Titanic into a submarine.”

Despite bipartisan criticism of Biden’s economic policies the White House continues to spin the economic downturn claiming inflation will help consumers adapt to the more expensive renewable energy plans that the administration intends to implement.

On Wednesday, inflation rose to an annual rate of 9.1 percent which, according to the Department of Labor, is the highest rate since 1981.

According to a Moody’s analysis, Biden’s 40-year-high inflation will cost American households on average an extra $5,520 in 2022, or $460 per month. 

As Americans continue to struggle at the pump, 74 percent of likely voters said skyrocketing gas prices are an “extremely/very important” factor in how they will vote in the midterm elections. 

Current poll numbers show Biden’s approval rating remains in the low 30’s.

SHOCK POLL: 78 Percent of Democrats Say America is Headed in Wrong Direction and Biden is to Blame

WASHINGTON– Shocking poll numbers published Wednesday show that the vast majority of American voters — 85% — believe the U.S. is headed in the wrong direction and that President Joe Biden is to blame.

The bipartisan poll conducted by the Associated Press and the National Opinion Research Center at the University of Chicago found that roughly 9 in 10 Republicans and about 78% of Democrats blame blame Biden for America’s current economic woes and 79% of those polled said they consider the economy to be in poor condition.

This latest poll coincides with Biden’s near historic low presidential poll numbers which have him polling at just a 39% approval rating.

“The nationwide poll was conducted June 23-27, 2022 using the AmeriSpeak® Panel, the probability-based panel of NORC at the University of Chicago. Online and telephone interviews using landlines and cell phones were conducted with 1,053 adults,” according to a post from AP-NORC. “The margin of sampling error is +/- 4.0 percentage points.”

U.S. President Joe Biden holds a formal news conference in the East Room of the White House, in Washington, D.C., U.S., January 19, 2022. REUTERS/Kevin Lamarque

‘NO MORE!’: Rand Paul Unveils Plan to Slash Government Spending and Balance National Budget

WASHINGTON (Fox Business) — Sen. Rand Paul on Monday unveiled a new bill that includes trillions in budget cuts over the next five years in order to bring about a balanced budget.  

The Kentucky Republican’s proposal, a copy of which was first obtained by FOX Business, would yield a $65.8 billion surplus by fiscal year 2027. Collectively, the plan spends about $4.2 trillion less than the nonpartisan Congressional Budget Office estimated during that time period, a person familiar with the matter said. 

“Five years ago, we could balance our budget with a freeze in spending. Not cut anything. Since then, our debt has skyrocketed to $30 trillion with $2 trillion just from this past year,” Paul said in a statement. “We cannot keep ignoring this problem at the expense of taxpayers, and my budget will put our nation on track to solve this crisis that Congress created.”

The plan calls for cuts across the budget, excluding Social Security, which is racing toward insolvency. What is cut will be determined at a later time through the normal spending process. The goal is to set a parameter that Congress must fit its spending agenda within, rather than identifying specific cuts now. 

Under the legislation, federal spending would freeze in fiscal year 2023 at the CBO’s projected baseline level of $5.874 trillion. From there, it would steadily decline each year; in fiscal year 2024, Paul proposed slashing federal spending by $298.3 billion.

Still, the success odds for the bill – dubbed the Six Penny Plan – are slim. Paul has introduced near-identical versions of the bill in the past, all of which have died in the Senate as the result of bipartisan opposition. Democrats previously opposed cuts to many domestic programs, while Republicans resisted any efforts to slash military spending. 

The gap between what the nation collects and what it spends has started to substantially decline following last year’s $2.8 trillion deficit, with the government expected to post a deficit of $1 trillion in fiscal 2022. 

But the CBO, in its latest budget and economic outlook released at the end of May, projected the shortfall will begin climbing again in 2024, eventually hitting more than 6% of GDP a decade from now. The U.S. has only recorded greater deficits than that six times since 1946.

“This is no time to break out the champagne glasses – deficits will remain extremely high and debt is on course to reach a new record as a share of the economy by 2031,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said in a statement after the report was released. 

The nation’s debt level is currently at a historic high of $30 trillion following unprecedented levels of spending during the COVID-19 pandemic. 

REPORT: Biden Approval Rating Hits New Low Amid Soaring Gas Prices, Inflation

WASHINGTON (The Hill) — A new NBC News poll shows President Biden’s job approval rating has dipped to another low, with just 39 percent of Americans approving of the job he’s doing and 56 percent disapproving.

Americans are dinging the president on inflation, the economy and border security, as they have been for much of his presidency. Only 37 percent of Americans view Biden in a positive light, according to the poll, which shows his favorability rating hovers around the same percentage currently as former President Trump’s.

Biden appears to have lost ground once again after making some gains. Earlier this month, 42 percent of Americans approved of Biden’s job in a Washington Post-ABC News poll, which was up 5 percentage points from a previous poll in February.

In the NBC News poll, 59 percent of Americans approve of Biden’s handling of the coronavirus, where the president has consistently earned the best marks.

But only 33 percent of Americans approve of his handling of the economy, and only 23 percent approve of his handling of inflation and the cost of living, two issues that are likely to be among the most important at the ballot box in November.

Gas prices have surged to record highs this year, topping an average national price of $4.47 per gallon, while prices at grocery stores have also seen steep increases. Last week, reports of a shortage of baby formula triggered another round of anguish among American families.

About 41 percent of Americans say they are “somewhat satisfied” with their current financial situation, according to the poll, with 16 percent saying they are very dissatisfied with their financial situation.

Americans rank cost of living, the economy, voting rights and abortion in that order as the top four issues facing the nation.

The poll was conducted from May 5 to May 7 and then May 9 to May 10 among 1,000 respondents. The margin of error is 3 percentage points.


The Hill’s Brad Dress contributed to the contents of this report.

BUILD BACK BROKER: Biden Signs $1 Trillion Infrastructure Bill Into Law

WASHINGTON (The Hill) — Joe Biden on Monday signed into law a $1.2 trillion bipartisan infrastructure bill at a boisterous ceremony at the White House, sealing a major accomplishment of his first term after weeks of negotiations in the House culminated in a bipartisan vote.

Biden welcomed lawmakers from both parties, from Congress and from state and local governments, to celebrate the passage of the bill and tout what he insisted would be the transformational ways it would improve day-to-day life for many Americans.

Biden used the bill signing to highlight a rare instance of bipartisanship at a polarized time in U.S. politics, even as former President Trump and other conservatives were suggesting House Republicans who voted for the bill should be challenged in primaries or stripped of committee assignments.

After weeks of talks and two trips to the Capitol from Biden, the House voted on the infrastructure bill earlier this month, passing it with a final tally of 228-206, with 13 Republicans crossing the aisle to support the measure, and six progressive Democrats bucking Biden and party leaders to oppose it.

The Senate passed the bill three months earlier in August, with 19 Republicans joining Democrats to move it to the House. The legislation languished there for weeks as progressives sought assurances on the other key piece of Biden’s economic agenda — a social spending bill focused on climate, child care and health care programs that Democrats intend to pass without GOP support through budget reconciliation. 

The $1.2 trillion bill, which contains roughly $550 billion in new funding, will provide for new investments in roads, bridges and railways around the country. White House officials have also said it will allow for the replacement of lead pipes to provide clean drinking water to communities, establish a network of electric vehicle charging stations and help expand internet access for swaths of the country that do not have it.

Biden has tapped former New Orleans Mayor Mitch Landrieu (D) as a senior White House adviser to coordinate the implementation of the bill, which cuts across several government agencies. 

Democrats are hoping that officials will be able to get some projects up and running quickly so the public feels the impact of the legislation, which could help Biden and his party politically ahead of the midterms. 

Biden’s approval ratings have been sinking for several weeks and it’s unclear thus far whether the president will see a bump from the infrastructure bill becoming law.  

A new Washington Post-ABC News poll conducted after the infrastructure bill passed the House found that 41 percent approve of Biden’s handling of the presidency, while 53 percent disapprove, a new low for Biden in the survey.

Attention will now shift to the fate of a $1.75 trillion proposal that is contains many of the priorities of Biden’s Build Back Better agenda, including funding to combat climate change, efforts to expand health care access and child care assistance, as well as money toward education and housing programs.

If the House passes the reconciliation bill, it will likely be tweaked in the Senate, where Sen. Joe Manchin (D-W.Va.) has expressed reservations about moving too quickly with such a major piece of legislation.

IMMIGRATION CRACKDOWN: Trump to Sign Executive Order Suspending Work Visas to Protect American Jobs

WASHINGTON — Administration officials announced Monday that President Donald Trump will sign an executive order suspending the issuance of certain temporary worker visas through the end of 2020, in an effort to prioritize American workers and slow down immigration.

The order applies to H-1B visas, H-2B visas, H-4 visas, L-1 visas and certain J-1 visas, which relate to skilled and seasonal workers and spouses of H-1B visa holders.

The restrictions are set to remain in place for the rest of the calendar year and administration officials say they be extended beyond the end of the year.

The move comes in response to complaints that American born workers should be prioritized when it comes to jobs, especially in light of the economic downturn caused by the Coronavirus pandemic.

A senior administration official said the visa restrictions would free up more than half a million jobs for American workers. The order will also close loopholes that allow companies to outsource labor to foreign workers, the official said.

Two months ago the president signed an initial executive order which temporarily suspended the issuance of new green cards, citing the need to protect American jobs amid widespread unemployment caused by the Coronavirus outbreak.

“I think it’s going to make a lot of people very happy,” Trump said of the order Sunday during an interview with Fox News. “And it’s common sense, I mean, to be honest with you. It’s common sense.”

TRUMP: ‘Generous’ Second Round of Stimulus Checks For the American People on the Way

WASHINGTON — President Donald Trump on Monday said he supports the idea of giving Americans another round of stimulus checks to help bolster the economy and get those impacted by the Coronavirus back on their feet.

In an interview with Scripps Networks, the president said he would approve sending Americans a second check and hinted that the payments may arrive sooner rather than later.

“We had this going better than anybody’s ever seen before, Trump said. “We had the best job numbers, the best economics, the best economy we’ve ever had, and then we had the virus come in from China. Now we’re rebuilding it again. We will be doing another stimulus package. It’ll be very good, it’ll be very generous.”

When asked when the next set of checks may be approved, the president replied, “Over the next couple of weeks probably.”

A bipartisan bill in Congress authorized payments of up to $1,200 each to millions of Americans, with additional payments of $500 per child, in legislation that Trump signed into law in March.

Since then another $3 trillion bill that passed the House of Representatives on May 15 authorized a second round of economic stimulus payments of up to $6,000 per U.S. household.

Lawmakers are not expected to vote on another Coronavirus bill until sometime in July.

CONSERVATIVES WARN: Feds Close to Spending More Than on Revolutionary, Civil War, WWI, II Combined

WASHINGTON (CNSNews.com) — A coalition of conservative leaders sent a letter to President Donald Trump and Senate Majority Leader Mitch McConnell (R-Ky.) warning that the congressional spending in the coronavirus must stop because it’s getting very close to $10 trillion, which is more than the government spent fighting the Revolutionary War, Civil War, and World War I and II combined.

The Save Our Country coalition, which is made up of conservative leaders, called on Trump and Republican congressional leaders to “Stop the Spending.”

The coalition consists of: Stephen Moore, co-founder of the Committee to Unleash Prosperity; Adam Brandon, president of FreedomWorks; Jim DeMint, chairman of Conservative Partnership Institute; Lisa Nelson, CEO of American Legislative Exchange Council; Arthur Laffer, Laffer Associates; Casey Mulligan, University of Chicago; Jenny Beth Martin, Tea Party Patriots; Grover Norquist, Americans for Tax Reform; William Bennett, former Reagan cabinet member; Brent Bozell, founder and president of Media Research Center; Scott Garrett, former member of Congress; Bob McEwan, Center for National Policy; Ed Meese, former Attorney General of the United States; Jim Miller, former Office of Management and Budget; and William Walton, Center for National Policy.

During a press briefing on Tuesday, they released new budget projections showing government spending is headed to 51 percent of GDP for the first time ever. The federal government has already spent trillions in stimulus funds, and the White House and Congress are considering plans to spend at least $1 to 3 trillion more.

“Congress has already spent more than $2 trillion on CoronaVirus relief packages. The irresponsible Pelosi bill that passed the House a week ago would raise that spending total to $5 trillion, which is on top of the $4.71 trillion that Congress already authorized,” the coalition wrote in the letter.

“We are getting very close to an unthinkable $10,000,000,0000,000 (ten trillion) federal budget, which is more money in one single year than the United States government spent, adjusted for inflation … to fight the Revolutionary War, the Civil War, World War I and World War II – combined,” they wrote.

The coalition noted that for the first time in history, “more than half of all national income would flow through the government,” when you take into account state and local expenditures.

“The inside-the-beltway crowd falsely calls these trillions of dollars a ‘stimulus’ to the economy. But government can only give money to some people, as Nobel-prize winning economist Milton Friedman taught all of us many years ago, by taking money from others,” the coalition wrote.

“Government spending – and policies such as paying millions of workers more money to stay unemployed than to go back to work, and paying states more money to enable them to stay shut down – is inhibiting the fast recovery we want in jobs and incomes, not stimulating it,” they wrote.

The coalition said that “runaway government spending is the new virus” afflicting the U.S. economy. They say that “the best way to supercharge a jobs recovery would be to repeal the payroll tax so that every working American would receive a 7.5% raise in the paycheck immediately, and every small business would see a reduction in their payroll costs of 7.5%”

“This incentivizes hiring and work. The economy desperately needs more of both of these and less debt spending,” they wrote.