Americans for Limited Government President Rick Manning today issued the following statement responding to President Joe Biden’s June 14 speech, when Biden stated in part that “I don’t want to hear anymore of these lies about reckless spending. We’re changing people’s lives!… by the end of the fiscal year, we will have cut the federal deficit by another $1.6 trillion — in one year.”

“President Joe Biden may be tired of hearing about how his reckless spending has played a major role in spiraling inflation in Americans’ day to day lives, but he can’t run away from the facts,” Manning said. “When he took office inflation was 1.4%. but today, inflation is raging at 8.6% and is in no way transitory. Home mortgage rates were at 2.6%, now they are up over 6%. And real wages that were up 4% in 2020 are now down 3% the past 12 months.”

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