People Can Barely Pay the Bills in Biden’s America

Of all the harm Joe Biden’s presidency has caused, the economy is arguably taking some of the greatest body blows.

For starters, America continues to deal with a recession, as seen by the twice-in-a-row declining GDP rate this year. That’s not to mention rising inflation, lower consumer confidence levels, and growing job layoffs.

Biden touted bills like the American Rescue Plan and the Inflation Reduction Act as economic wins. Yet, real-world evidence and warnings from economists continue to show these measures aren’t rescuing the economy or reducing inflation whatsoever.

If anything, the heavy spending put in motion by Biden and congressional Democrats is leaving everyday Americans in a stranglehold.

Priced Out of the Economy
New information from LendingTree reveals nearly one-third of the American people have fallen behind on their bills over the past six months. On top of that, 61% of individuals who paid bills late also admitted they didn’t have the necessary funds.

Meanwhile, another 40% of Americans confirmed it was easier for them to pay their bills one year ago as opposed to the present day. Still, the Biden administration continues to argue the economy is doing well and the president is working to meet the needs of the people.

Sadly, all evidence exists to the contrary. In fact, additional LendingTree data reveals the only way for people to truly steer clear of inflation is for them to increase their income. This, however, is easier said than done amid not just rising furloughs, but also certain businesses putting a pause on hiring.

For Americans who aren’t able to boost their income, they have to make sacrifices, such as going to the dollar store for food, rather than the grocery store. Because inflation is here to stay for quite some time, the same goes for problems facing the American people.

An Unsustainable Course
If the economy continues down this road, a total collapse is inevitable. As Americans battle inflation and struggle to pay bills, the Federal Reserve is repeatedly increasing the interest
rate.

This only adds more burdens to the shoulders of those who can least afford it. While Biden has every intention of continuing to spend money and run the country into the ground, he can’t do it without a supportive Congress.

This is why it’s going to be so critical next month for Americans to turn up at the polls and vote red up and down the ballot.