Struggling to fill your pantry? Well, the Congressional Budget Office (CBO) has confirmed that food prices will not be slowing down any time soon, thanks to the policies of the Biden administration.
The CBO is a nonpartisan agency, and its latest report expects the consumer price index (CPI) to climb by 6.1 percent this year alone and it also expected (but well shall see) that inflation should start to slow down by next year, but the CBO predicts CPI will continue to rise uncontrollably until the end of 2023 – expected to reach 3.1 percent.
“Can you imagine paying $1 per egg, $12 a dozen?” said Glenn Beck during his radio show, “The Glenn Beck Program,” to his audience. “If you can’t imagine it, wait a few months because this is what is happening.”
The Department of Agriculture (USDA), as Beck points out, has raised the estimated food price forecast from 6.5 to 7.5 percent.
“[This is] the highest predicted change in food costs in well over 40 years,” noted Beck. “The USDA is now warning in their revised May Food Price Outlook that things are grim.”
“Two months ago, USDA had egg inflation at 2.5 or 3.5 [percent] year over year. They’ve moved it from the high of 3.5 [percent] to a forward outlook of 20.5 percent [year over year].”
Grocery store prices are also expected to rise by another seven or eight percent, higher than the initial predictions of five or six percent – the highest grocery prices since 1980, when prices began to rise 8.1 percent year over year.
“There is no reason to think that the forecast will not rise again,” warned Beck. “If you look at the prices at the supermarket, and how it’s increased in the last six months, the USDA is now saying prices will likely double again during the fall.”
During the pandemic, stimulus checks were given to citizens to “help” them make it through the lockdowns – when Joe Biden took office, he gave further stimulus checks and according to the CBO, this is the reason we are now feeling the inflation effects.
The Washington Examiner wrote: “But there’s more, by paying workers not to work, Biden’s COVID stimulus artificially ‘slowed the recovery of labor force participation.’”
Because Joe Biden is a dementia riddled puppet, his plan of raising taxes to “fix” inflation, is only going to make the situation far worse and Biden plans to repeal the 2017 Tax Cuts and Jobs Act, which was passed by the Republicans under the former Trump administration.
The Democrats claimed that Trump’s bill would somehow deprive the government of tax revenue, but data shows that is not true – in 2017 the federal corporate income tax collections brought in around $297 billion and in 2021, the government was paid $372 billion – a 25 percent increase.
“Far from starving the government … the entire bill had apparently paid for itself, even after controlling for other economic factors that may have played a role,” wrote the Washington Examiner. “The CBO says that even with lower rates, total revenues in 2022 ‘are projected to equal 19.6 percent of the nation’s gross domestic product – the largest annual revenues relative to the size of the economy since 2000.’”
The outlet further noted that axing the tax cuts will do nothing if the government continues to spend how they do.
The government wastes a huge amount of taxpayer money, and it is ironic that they have increased the coffers with hard working Americans blood, sweat and tears – to waste on helping foreign nations with their foreign wars.
American families will be the people who suffer most, not those working in government.
The waste of skin politicians couldn’t get their hands out of a wet paper sack let alone fix anything. The scumbags are in it for themselves, that’s it. Anyone who relies on the Gov. to fix anything is a FOOL. They create disasters ( border) & cluster fuc*s. that’s all they know how to do.
If they would stop blowing up farms and factories that process food, we wouldnt be in a shortage. They are doing whatever they can to create chaos and usher us into martial law.
Just got news about a republican man last name Kelly was just taken in but FBI they crashed his house here in Michigan never two years and they’re just now going after this man this has everything to do with this barbaric evil governor whitmore. Find a petition we wanted her gone the whole state of Michigan wanted her gone and some scandalous illegal doesn’t follow the law in other words judge kept her on she’s going to make sure she’s kept on isn’t she after all she’s good friends with the FBI oh big time oh big time yes she already tried to destroy 13 men’s lives because they carry a gun they want to go to back to work she’s insane she’s truly an insane idiot b**** total betch.omg plz God criminal woman whitmore again I can’t know please God we don’t want her. Not right she’s very condescending she shouldn’t be in that Governor position as it is we don’t want her we didn’t want her it was a judge that made illegal decision keep her on oh God please not her again how convenient to arrest the Republican for something over two years ago and I don’t trust oh God no I don’t trust none of these habitual liars.
Biden is destroying the United States. Once everything falls apart, he and his cronies will rebuild the country in an image of a socialist paradise. Venezuela is a perfect example of a first world country being destroyed by communists. We will be next if we allow this to continue. We must fight this, first by voting out democrats and then by letting the government know we are tired of this madness. Write, call, email your representatives and demand they turn around the ship of state.
I remember when Mr Wal-Mart stood up with President Trump, telling us about how much he was going to help us. Prices now skyrocketing. But Mr Walmart is buying himself a new toy. A NFL football team. I guess it’s ‘let them eat cake’. Except, cake, is out of stock.
Well known that Obama Hasson Hussein, a lot of help in collapsing Venezuela. Heavily involved in collapsing America.America this p
man that laughs mocks USA commoners. Obama Hassan Hussein has done nothing for this country he seriously is a destroyer a mocker a face full of pride an d deceit this man is not a black man he does not have attributes of a black man. This prideful Obama Hassan Hussein, referring to KKK white supremacist keeps it up just keeps it up when he is the epitome the very he is in monumental example Obama has on his side of being a white supremacist he is definitely the KKK yeah this man does not act Black, full blown white man the epitome the full-blown character of the KKK white supremacist he needs to lock his crap off he is the white supremacist he is the KKK he is a destroyer. Done nothing for this country but destroy it Obama is not a black man he’s the KKK white supremacist that he keeps accusing everyone else of
Hi Kathleen,
I have a cousin and an aunt who resided most of their lives in Indiana and who now have lived in Michigan for several years. I’ll NEVER understand why they’d want to live in Michigan during these times!
I’ll add that my cousin and aunt are also GOP’ers.
Biden and his cronies are all a piece of shit, they don’t give a big rats ass about anyone except themselves and there masters who are telling them to run the country, you might as well say Obumer is getting a third term since Creepy Joe doesn’t know his ass from a hole in the ground. I cussed him up one side and down the other today when I had to put gas in my truck for $5.09 a gallon. That dirty SOB should try living on a fixed income of about $2200 a month. Yes I am talking about Biden. I can’t stand the Idiot and the idiots who are pulling his strings. Nancy looks like one of the raisins from I heard it through the grape vine. They can take there Jan 6, committee and stick it where the sun don’t shine. That has got to be the biggest bunch of misfits I have ever seen in my life. There only purpose is to try and keep Trump off the ballet in 2024. That is there only purpose. They are like the island of misfit toys in the Christmas cartoon Rudolf the Red nose Reindeer, only these are all the misfit Congress, that they could pull together to try and keep Trump off the ballet for president again. Then the wonder why we have the second amendment. It’s there to discourage the government from being tyrants like they are doing now. Both sides need to have the shit kicked out of them, both democrat and republican
Biden and his cronies are all a piece of shit, they don’t give a big rats ass about anyone except themselves and there masters who are telling them to run the country, you might as well say Obumer is getting a third term since Creepy Joe doesn’t know his ass from a hole in the ground. I cussed him up one side and down the other today when I had to put gas in my truck for $5.09 a gallon. That dirty SOB should try living on a fixed income of about $2200 a month. Yes I am talking about Biden. I can’t stand the Idiot and the idiots who are pulling his strings. Nancy looks like one of the raisins from I heard it through the grape vine. They can take there Jan 6, committee and stick it where the sun don’t shine. That has got to be the biggest bunch of misfits I have ever seen in my life. There only purpose is to try and keep Trump off the ballet in 2024. That is there only purpose. They are like the island of misfit toys in the Christmas cartoon Rudolf the Red nose Reindeer, only these are all the misfit Congress, that they could pull together to try and keep Trump off the ballet for president again. Then they wonder why we have the second amendment. It’s there to discourage the government from being tyrants like they are doing now. Both sides need to have the shit kicked out of them, both democrat and republican
The only thing I have to say about this is, Donald Trump, where are you?
Well Mr. Boone, I hear ye. But Polusi, and all the other ‘upper-swampers’, fbi, doj, dhs, etc. etc. will fight tooth & nail, to prevent D.J.T. from running again .. since it is ‘not in the offing’, i.e., Mr. Trump as Pres. throws a monkey wrench into the ‘world (Soros egged on) order plan’.
I mean, Hell Bells, we can’t have cheap fossil fuels (used as an illegitimate method to control) again as we witnessed during the best of all times during the Trump administration .. can we ??