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Analysis finds Americans need extra $11,400 to afford the basics as GOP lawmakers blame 'Bidenomics'
GOP lawmakers and more blamed "Bidenomics" while reacting to an analysis that found the typical American household would need an "extra $11,434" to afford the basics.
www.foxnews.com
Republican lawmakers and more called out President Biden and his administration on Wednesday while reacting to a new report that found Americans need an extra $11,400 just to afford the basics, pointing to the president's economic policies and his "Bidenomics" message.
Several Republican lawmakers posted to social media on Wednesday, blaming Biden's economic policies following a report from CBS News, citing a recent analysis by Republican members of the U.S. Senate Joint Economic Committee, which found that a typical American household would need an "extra $11,434 to maintain the same standard of living they enjoyed in January of 2021."
The analysis found that it might be worse on a state-by-state basis. For example, in Colorado, the average American household must spend an extra $15,000 per year to afford the same standard of living they had in 2021.
CBS reported that the numbers reflect the increased cost of basic goods, despite other positive economic measures, such as the jobless rate being at a two-decade low.
Rep. Eli Crane, R-Ariz., said "Bidenomics" was a "huge tax" on Americans and added that the "D.C. Swamp is ruining this country for future generations."
Colorado Republican Rep. Ken Buck sounded the alarm about the numbers from his state, noting that it was "even higher."
Rep. Brett Guthrie, R-KY., in a post on social media on Wednesday, said Americans deserved better, adding, "this is the real Bidenomics in action."
Americans are spending an additional $11,400 and Kentuckians are spending an additional $9,784 every year to keep up with the same standard of living they enjoyed before Joe Biden took office. This is the real Bidenomics in action. You deserve better.