The American People are currently caught between the Biden Administration and the Federal Reserve – aka, a rock and a hard place.
Let’s hit the rewind button. The day Biden took office, inflation was 1.7%. GDP was going up. Today, inflation is at a forty-year high and GDP is shrinking. What has to happen in a mere fifteen months for such a radical downward spiral to take place?
Apparently, it takes America Last energy policies that increase our reliance on foreign, dictator-led nations, direct payments to Americans to stay at home instead of going to work, a never-ending pause on student loan repayments, overreaching vaccine mandates that curb employment, and the highest sustained level of federal spending in our nation’s history.
Biden successfully turned the recovering economy he inherited into stagflation.
Now, the Federal Reserve is left to deal with a staggering 8.5% inflation rate. In a move that can only be described as a day late and a dollar short, it announced this week that interest rates will be going up by .5%. This is a necessary move to curb inflation but falls far below the estimated .75% needed to begin addressing this crisis.
What does this mean for taxpayers? .5% is a small number with potentially devastating consequences. Mortgage payments are going up. The interest on the federal debt is going up, to the tune of $29 billion in just one year. And the value of your paychecks, savings, and retirement plans are going down.
It is a sad day in America when the Biden Administration’s “solution” to its inflation crisis is to dip deeper into taxpayer’s wallets. While the Federal Reserve had no options left, Congress does have tools at its disposal to reduce inflation and restart our economy.
I am introducing a bill this week that will take the over $100 billion unspent American Rescue Plan dollars and use them to pay down our federal debt. This important move will reaffirm Congress’s commitment to balancing our budget and takes a concrete step towards reducing inflation.
If you want to be among the first people to see the text of this important legislation, follow me on Twitter, where I will be making the announcement later this week.
Until then, hold on to your wallets.
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Happy Mother's Day!
In this week's edition of Buddy's Briefings, we are coming to you from Savannah's Air Dominance Center. This center is crucial to Air Force pilot training and must remain open.
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Monday, May 2, 2022: I’m in our Savannah District office this morning and my first call is with a candidate running for school board in the District. Jokingly, I like to say that I have aspired to serve in many offices, but I have never aspired to serve on a school board. Without question, that has to be one of the toughest jobs anywhere, albeit one of the most important.
Next, I have a great meeting with my good friend and one of the most dedicated Veterans anywhere, Luis Carreras. Luis is accompanied by representatives from the Army Reserve, Army recruiting, and Army Reserve Officers Training. Together, this group reviews with me the great work they are doing for our Army and the challenges they face. Afterwards, I have the honor of cutting a cake celebrating the 114th anniversary of the Army Reserve with a very special sword that Luis has brought along.
After our all staff conference call, I head to WSAV-TV in Savannah where I meet with General Manager David Hart before sitting down with 4 p.m. newscast anchor Edward Moody for an interview.
Once back in our district office, I have a podcast interview with Real America’s Voice to discuss a letter I signed to Education Secretary Miguel Cardona calling on him to protect female athletes from competing against biological men.
Next, I have a virtual call with John Taylor from the Hoover Institution to discuss issues related to the Budget Committee before having a virtual interview with One America News Network (OANN) to discuss clean energy issues.
After a great meeting with a constituent who is making a documentary about a solar light memorial project that he has undertaken, I have a virtual workplace rights and responsibility training session.
Next, I head to Jekyll Island in Glynn County and during the drive, I have a phone call with a candidate for State Senate in our District. Once on Jekyll Island, I attend the Golden Eagle Dinner sponsored by the Coastal Georgia Council of the Boy Scouts of America. The Golden Eagle honoree for this year is Bill Jones, III, and the National Eagle Scout Association Outstanding Eagle Award winner is Jim Bishop, Sr. Also, during the program, Georgia Department of Natural Resources Commissioner Mark Williams interviews Stetson Bennett, quarterback of the 2021 NCAA Football National Champion Georgia Bulldogs.
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Tuesday, May 3, 2022: I’m back in our Savannah District office this morning where I meet with a writer from The Current for an interview on a wide range of topics before joining in on a virtual call with representatives from the College of American Pathologist including my good friend, Dr. Pat Godbey from St. Simons Island.
Afterwards, I have a virtual interview with A Starting Point to discuss the current economic conditions in Afghanistan before joining in on a virtual call with representatives from the Georgia Realtors Association (GRA).
Next, I head to Richmond Hill High School in Bryan County where I have the opportunity to speak to three classes of students and answer their questions. As I have stated many times before, this is my favorite activity as I find students to be engaging and inquisitive.
Afterwards, I have a meeting with the newly elected Chairman of the Republican Party of the First District, Bill Edgy from Glynn County.
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Wednesday, May 4, 2022: My first meeting this morning is in our Savannah District office is with the owner of Coastal Communications, Brendan West. Coastal Communications is a new fiber optic internet company on Wilmington, Whitemarsh, and Talahi Islands in Chatham County.
Later, I head to midtown Savannah where I attend the monthly meeting of South of Derenne Association (SODA), a great group of business owners who use this opportunity for networking and sharing ideas.
Once back in our Savannah District office, I have a virtual call with representatives from the American Kidney Fund followed by a virtual call with The Adult Congenital Heart Association, an organization begun by and dedicated to individuals and families living with congenital heart disease.
After a virtual call with Bob Powell, CEO of Brightmark, a plastics recycling company, I head to the Combat Readiness Training Center (CRTC) at Travis Field in Savannah where I record this week’s edition of Buddy’s Briefings.
Next, I head to the airport where I fly to Atlanta and, once I arrive, I have a live interview with Newsmax to discuss the leaked opinion of the Roe vs. Wade decision by the Supreme Court of the United States (SCOTUS).
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Thursday, May 5, 2022: My day begins with a virtual interview with WTOC-TV in Savannah to discuss the leaked opinion of the Roe vs. Wade decision by SCOTUS.
Afterwards, I head to Grady Memorial Hospital in downtown Atlanta where I tour their Emergency Department, burn treatment center and Stroke and Neuroscience Center. Opened in 1892, Grady has served the Atlanta area with one of the nation’s best trauma centers for generations; but, as I learned during my visit, it is much more than just a trauma center. With physicians who are on the faculties of Emory and Morehouse medical schools and with six facilities in the area, Grady provides care in specialties like cancer, urology, cardiology, neurology, and chronic disease, as well as family medicine and senior care.
Afterwards, I head to midtown Atlanta where I visit Guardian Pharmacy Services, one of the nation’s largest and most innovative long-term care pharmacy companies. After a great visit, I have a virtual interview with One America News Network (OANN) where I discuss the SCOTUS leak and afterwards, I join the “Right Voices” podcast with John Hart as we discuss clean energy and climate change.
Next, I join in on an Energy and Commerce (E&C) Committee Member call to discuss upcoming legislation before heading to Tucker where I have a great visit with my good Carlylean friend, Brian Satisky and tour his business, Steelmart, Inc, a company that supplies steel products to the building industry.
Later, I have a great visit with my good friends Rick Desai and Roy Patel, who are prominent hoteliers in Atlanta.
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Friday, May 6, 2022: After an early morning interview with NewsNation Networks Morning in America show where I discuss inflation and the economy, I have another interview later in the morning with NTD’S Steve Lance as we discuss the same subject matter.
Next, I have a call with my congressional colleague and fellow E&C Committee member, Rep. John Curtis (R-UT), to discuss legislation he is sponsoring before heading to a meeting with my good friend John Whelchel from Buckhead.
Next, I head to the campus of Georgia Institute of Technology where I tour their facilities and discuss the research and development they are doing in battery and energy storage, nuclear energy, and hydrogen energy. Georgia Tech is the premiere research institution in the U.S., and we are blessed to have them in our state.
My final visit is to Turner Field, where I visit with representatives from Georgia State University and tour the facility that is now home to the Georgia State Panthers football team. The work Georgia State has done to this facility and the surrounding area is phenomenal and is a win-win for the school and community.
After my tour, I meet with department heads from research and economic development, space domain awareness and military outreach to learn of the great work Georgia’s largest University is doing in our State.
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