January 20, 2022
VIDEO: Biden's Year of Rampant Spending, Runaway Inflation, and Rampant Waste
WASHINGTON, D.C. – Today, on the one-year anniversary of President Biden’s inauguration, House Budget Committee Republican Leader Jason Smith (MO-08) released a video highlighting the reckless spending and rampant waste of taxpayer dollars perpetrated under the failed policies of the Biden Administration and the Democratic Majority in Congress which have resulted in the highest spike in prices in forty years, driving up the cost of goods and services. “President Biden’s first year in office has been a disaster for working families,” said House Budget Committee Republican Leader Smith. “Trillions of dollars have been shoved out the door, fueling a devastating spike in the price of goods and services and leaving an embarrassing trail of misuse and waste of taxpayer dollars. The President has continuously tried to mislead the American people about the real reason for all his spending and the true cost of his agenda – ignoring non-partisan Congressional Budget Office analyses that show his latest spending bill alone would add $3 trillion to the debt. Sadly, Washington Democrats think the only solution to a year of failing to address the multiple crises their agenda has created is to spend this next year pushing more spending, taxes, and debt.” Click HERE or the image below to view the video. 
The past year, under total Democrat control, Washington has produced an astonishing record of new spending and debt, including: 
- $2 trillion Biden Bailout Bill – less than 9 percent went to fighting COVID-19.
- $1.2 trillion infrastructure bill – $625 billion in new spending with a $400 billion shortfall in offsets.
- $5 trillion reckless spending bill – largest in U.S. history, confirmed by CBO to cost three times what Democrats claim and packed full of budget gimmicks.
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