Economy
Economic hardships brought about by severe inflation and supply chain challenges continue, creating an ongoing affordability crisis in our country. Small businesses and families across the nation have had to make difficult choices and dig into savings to make ends meet in recent years. Inflation hits hardest those who can least afford it: those on fixed and low incomes.
This week, the House was set to continue its work on the twelve annual appropriations bills to ensure the government is responsibly funded. Unfortunately, our legislative work to cut wasteful spending was disrupted when a small handful of Republicans voted with Democrats to remove the Speaker of the House.
On October 1, absent a last-minute change in momentum, the federal government will shut down. No one wins a government shutdown, least of all the American people. The Biden administration has already announced it will, in the event of a shutdown, close agencies Nebraskans rely on such as FSA, Rural Development, and the Agriculture Research Service.
Many farmers are already busy taking in crops as dry conditions have encouraged an early start to the harvest season. Financially speaking, farming is a high-risk venture. The impact of unpredictable weather patterns underscores the importance of doing everything we can to maximize market access and stability for our agriculture industry.
Poorly considered policy driven by ideological agendas can have devastating consequences for Americans, bringing the greatest harm to those with the least recourse when good intentions go awry. There’s always room for improvement in federal policy.
Over the last month, I’ve had the opportunity to meet with constituents in many of the Third District’s 80 counties. It has been a busy time with many hours spent behind the windshield, and I'm encouraged by the Nebraskans doing so much to help our communities thrive.
Labor Day is an opportunity to acknowledge and show appreciation for the contributions of the American workforce. Unfortunately, American workers don’t have much to celebrate this Labor Day. According to data from the Bureau of Labor Statistics, 1.2 million workers have been unemployed for 27 weeks or more.
Earlier this month, the United States’ credit rating was downgraded by one of the three major credit rating agencies. This troubling announcement is an indication of the serious challenges Americans continue to face as our country’s economy is in crisis, in part because of the misguided policies put forward by the Biden administration.
We have a debt ceiling for a reason. It is one of the federal government’s best pathways to address our nation’s very serious debt and deficit crisis. Our fiscal predicament demands we enact appropriate reforms to strengthen and grow our economy, cut wasteful spending, and reject massive tax increases.