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Thursday, December 26, 2024

Bergman: Bidenflation is Hurting all Michiganders, Americans

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Congressman Jack Bergman | Wikipedia

Congressman Jack Bergman | Wikipedia

Michigan Representative Jack Bergman strongly criticized the Biden Administration's economic policies, particularly in light of the recent inflation numbers. Bergman stated, "The Biden Administration has been determined to undermine our economic and national security from day one and Michiganders are paying the price. Whether it’s at the pump, the grocery store, or the housing market – affordability of basic necessities is down, and inflation is up. I will continue working to eliminate improper payments from our federal government and to reign in the out-of-control spending that is stealing the taxpayers’ money, purchasing power, and overall freedom."

The impact of inflation on Michigan households is significant, with the average household estimated to be paying $948 more per month for the same goods and services since January 2021. This translates to an overall increase of $22,638 due to inflation, including higher expenses on food, shelter, energy, and transportation.

On a national scale, prices in the United States have surged by 18.9% since January 2021, with overall inflation up by 19.4% since President Joe Biden took office. Various essential items have seen substantial price hikes, such as electricity by 29.2%, food prices by 21.1%, eggs by 49.3%, and baby food by 30.5%. Additionally, real average weekly wages have decreased by 3.9% under the Biden Administration.

As of April 11, 2024, the gross national debt in the United States has surpassed $34 trillion, equating to a debt of $103,839 per person, $263,314 per household, and $478,508 per child in the country. The ongoing inflationary trend and economic challenges are a cause for concern for both Michiganders and Americans nationwide.

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