With the receipt in hand, U.S. Senator Joni Ernst (R-Iowa) today spoke on the Senate floor to expose the true costs of President Biden’s and congressional Democrats’ reckless spending of Iowa taxpayer dollars. Ernst reminded her colleagues that the bill will eventually come due for this reckless spending spree, and it will fall on the hardworking families that are already feeling the pinch from skyrocketing inflation.
Senator Ernst’s full remarks are below:
“We’ve all experienced a bit of buyer’s remorse this past year.
“The uncertainty caused by the pandemic had folks stockpiling too much or just doing a little online retail therapy for things they may never use.
“But when it comes to impulse buying, no one can compete with Democrats in Washington.
“If running up the taxpayers’ tab was an Olympic sport, Democrats would easily take home the gold.
“Over the past six months, the Democrats have rung up trillions of dollars in new spending.
“And as we are just days away from hitting the nation’s debt limit, these same Democrats are preparing to charge trillions more to the nation’s credit card – paid for by taxpayers of course – to purchase more of their pricey partisan, pet projects and other items on their progressive wish list.
“Their reckless spending spree started in March with their strictly partisan $2.1 trillion so-called ‘COVID’ bill.
“The Democrats assured us the $1,400 stimulus checks, and $300 a week enhanced unemployment benefits included in the bill would get America back on its feet.
“Well folks, it’s July 28th…we have 10 million unfilled jobs.
“Last week, jobless claims increased. And hard-working Americans are feeling the pinch and paying more for almost everything, from gas to groceries.
“The Democrats’ poisonous progressive policies are failing us. And Iowans and the rest of Americans know it.
“Yet, Democrats…they just keep on spending.
“Right now, the Majority Leader is plotting to fast track an ‘everything-but-the kitchen-sink’ tax and spending bill that could cost $3.5 trillion (or more).
“So, what’s in this latest bill?
“More poisonous progressive policies.
“One of the most harmful provisions to families everywhere, and especially farm families in Iowa, is what I call the “Farm-to-Table Tax” hike.
“The Democrats want to pay for part of their radical agenda by increasing the tax on family farms being passed from one generation to the next.
“But that tax won’t only hit farmers and ranchers. It’ll increase the cost of producing and purchasing food for all of our families.
“Americans recognize President Biden’s budget busting bills are a key factor in the skyrocketing costs.
“Yet, the Democrats keep packing their bills with progressive pet policies and projects they know won’t make your life better, but that will appease their political base.
“And their answer when things don’t get better is always…we didn’t spend enough!
“Folks, it’s laughable to argue that Washington hasn’t spent enough when our national debt now exceeds $28 trillion.
“The shopaholics who control the purse strings in Congress are addicted to spending other people’s money on things we don’t need and that we can’t afford.
“Let’s review the receipt for Bidenomics: $2.1 trillion for Biden’s so-called American Rescue Plan, which includes $200 billion for enhanced unemployment payments; and $400 billion for all of those stimulus checks; $1.7 billion for Amtrak; another $30.5 billion for other transit programs; $135 million for the National Endowment for the Arts; $50 million for Environmental Justice Grants.
“Plus, $3.5 trillion for the proposed reckless tax and spending spree.
“We still don’t even know what ‘goodies’ are in this grab bag, but it is likely to include: parts of the socialist Green New Deal; and doubling the size of the IRS by hiring an army of new auditors. Add on nearly $10 billion for swampy earmarks to pay for pork projects.
“The list just goes on and on and on, like the world’s longest CVS receipt.
“Except don’t expect any savings here, folks!
“And when you add it all up, the grand total… $6.8 TRILLION.
“As these bills come due, President Biden’s reckless spending spree will leave us with buyer’s remorse for years to come.
“It’s time to cut up Washington’s credit card and make D.C. start living within its means, just like every hardworking family across Iowa and America has to do.”