SINCE PRESIDENT BIDEN AND KAMALA HARRIS TOOK OFFICE IN JANUARY 2021, AMERICANS HAVE FACED INCREASINGLY HIGHER PRICES FOR FOOD, GASOLINE, ENERGY AND COMMON HOUSEHOLD ITEMS,
AND WHILE PRICES HAVE BEEN GOING UP, WAGES HAVE BEEN GOING DOWN, PLACING ADDITIONAL STRESS ON FAMILY FINANCES.
2021
Signed the American Rescue Plan for $1.9 Trillion
MARCH
Biden & Harris sworn in
JANUARY
“Fox Business: Business Panel Slam Biden's 'Awful' Inflation Numbers”
MAY
“Reuters: U.S. Consumer Inflation Rises Fastest In Nearly 13 Years”
JUNE
SEPTEMBER
OCTOBER
Authorized infrastructure investment of $1.2 trillion total over a decade. The CBO estimated this would add $250 Billion to the deficit.
Economists said the $5 trillion in government stimulus spending in the United States during 2020 and 2021 was disproportionately large compared to that of other countries and was a significant contributor to domestic inflation.
NOVEMBER
"Rapid Inflation Fuels Debate Over What's to Blame: Pandemic or Policy."
DECEMBER
Signed bill raising the national debt limit by $2.5 trillion and extended it into 2023.
Bloomberg: U.S. Inflation Rises at Fastest Annual Pace Since 1981
APRIL
“ABC News: Inflation rising at fastest rate in 40 years”
FEBRUARY
2022
APRIL
MAY
JUNE
Inflation hits 9.1%.
CNBC: Inflation Rises 8.6% In May From A Year Ago, Higher Than Expectations
ABC NEWS: Inflation rises to 4-decade high
JULY
Signed Inflation Reduction Act
A Goldman Sachs report projects the myriad of green subsidies will cost $1.2 trillion—more than three times what the law’s supporters claimed
AUGUST