Over 70% of America’s Workers Say Their Pay Has Fallen Behind Biden-flation

28 Sep

Hardworking Americans will feel the brunt of Joe Biden’s reckless and burdensome student loan scam, which will run up an additional $400 BILLION tab for taxpayers, according to the Congressional Budget Office (CBO).

STUDENT LOAN FAST FACTS:

  • According to the CBO, Biden’s student loan scam will cost roughly$400 BILLION.
  • Nearly 60% of Americans are worried Biden’s student debt cancellation scheme could make inflation WORSE.
  • Outstanding federal student loan debt currently totals $1.7 trillion and is disproportionately held by the wealthy.
    • Of 255 million adult Americans, 45 million have student loan debt. Student loan forgiveness demands that those 210 million Americans take on the debt of those 45 million borrowers.
      • There are 44.9 million millennials in the U.S. (ages 25–34), but only 15.3 million of them have any student debt, meaning that 66% of millennials have no student debt.
    • Those in the top fifth of household income hold $3 in student loans for every $1 held by the bottom fifth of household incomes.
  • In a 2014 analysis, researchers found that, since 1992, the median borrower has consistently spent only about 4 percent of monthly income repaying student loans. In a 2019 analysis of millennial households, the 4 percent rate still held.
  • Programs already exist to aid students in re-paying their loans through income-driven repayment (IDR) plans. As of 2019, 40 percent of borrowers are enrolled in an IDR plan.
  • If blanket loan forgiveness is enacted, students would, understandably, expect their loans to be forgiven in the future, and that expectation could lead to increases in borrowing, throwing gasoline on the bonfire of college tuition.
    • Student loan forgiveness would create an incentive for students to accumulate more debt and award as much as $192 billion to the top 20 percent of income earners.
    • Estimates indicate that it would take just three years for the outstanding student loan balance to return to its current level if we were to cancel $10,000 per borrower. That’s without taking into account increased rates of borrowing caused by moral hazard or the subsequently higher tuition costs.

MAKE NO MISTAKE: The CBO confirmed this week what House Republicans and the American people already knew—there is no such thing as canceling or “forgiving” student loan debt. This debt will be transferred to hardworking American taxpayers and will WORSEN inflation while rewarding overpriced colleges.

The post Over 70% of America’s Workers Say Their Pay Has Fallen Behind Biden-flation appeared first on www.gop.gov.

The CBO Confirms Biden’s Student Loan Scam Will Cost America’s Taxpayers $400 Billion

27 Sep

Hardworking Americans will feel the brunt of Joe Biden’s reckless and burdensome student loan scam, which will run up an additional $400 BILLION tab for taxpayers, according to the Congressional Budget Office (CBO).

STUDENT LOAN FAST FACTS:

  • According to the CBO, Biden’s student loan scam will cost roughly$400 BILLION.
  • Nearly 60% of Americans are worried Biden’s student debt cancellation scheme could make inflation WORSE.
  • Outstanding federal student loan debt currently totals $1.7 trillion and is disproportionately held by the wealthy.
    • Of 255 million adult Americans, 45 million have student loan debt. Student loan forgiveness demands that those 210 million Americans take on the debt of those 45 million borrowers.
      • There are 44.9 million millennials in the U.S. (ages 25–34), but only 15.3 million of them have any student debt, meaning that 66% of millennials have no student debt.
    • Those in the top fifth of household income hold $3 in student loans for every $1 held by the bottom fifth of household incomes.
  • In a 2014 analysis, researchers found that, since 1992, the median borrower has consistently spent only about 4 percent of monthly income repaying student loans. In a 2019 analysis of millennial households, the 4 percent rate still held.
  • Programs already exist to aid students in re-paying their loans through income-driven repayment (IDR) plans. As of 2019, 40 percent of borrowers are enrolled in an IDR plan.
  • If blanket loan forgiveness is enacted, students would, understandably, expect their loans to be forgiven in the future, and that expectation could lead to increases in borrowing, throwing gasoline on the bonfire of college tuition.
    • Student loan forgiveness would create an incentive for students to accumulate more debt and award as much as $192 billion to the top 20 percent of income earners.
    • Estimates indicate that it would take just three years for the outstanding student loan balance to return to its current level if we were to cancel $10,000 per borrower. That’s without taking into account increased rates of borrowing caused by moral hazard or the subsequently higher tuition costs.

MAKE NO MISTAKE: The CBO confirmed this week what House Republicans and the American people already knew—there is no such thing as canceling or “forgiving” student loan debt. This debt will be transferred to hardworking American taxpayers and will WORSEN inflation while rewarding overpriced colleges.

Click HERE for more background on student loan forgiveness, courtesy of the Education and Labor Republicans. 

The post The CBO Confirms Biden’s Student Loan Scam Will Cost America’s Taxpayers $400 Billion appeared first on www.gop.gov.

Biden’s Border Crisis Reaches Another Historic Milestone in August

20 Sep

In August, there were 203,597 illegal crossings of our southern border, which is an OVER 300% increase from August 2020. For the first time on U.S. Customs and Border Protection (CBP) record, our southern border surpassed 2 MILLION crossings for a single fiscal year—and there is still one more month left.

BIDEN’S BORDER CRISIS BY THE NUMBERS:

  • In August, there were 203,597 illegal immigrant encounters at our southern border. 
    • That is a 307% increase in illegal crossings compared to the last August of President Trump’s administration. 
    • Nearly 70% of these encounters were single adults.
    • There have now been 18 straight months of OVER 150,000 illegal border crossings.
  • There have now been 66 apprehended so far in FY22 – more than double the previous five years combined.
  • Since Joe Biden took office, roughly 3.5 MILLION illegal immigrants have been apprehended at our southern border.
  • In August, fentanyl seizures increased 6% from July.
    • There has now been OVER 10,000 pounds of poisonous fentanyl seized this fiscal year alone.
  • Under Joe Biden and his administration’s historic border crisis, illegal immigrants will now cost American taxpayers OVER $20 BILLION a year.
  • This month, Border Patrol is now encountering up to 8,000 illegal immigrants crossing the southern border each day.
  • Last month, Joe Biden and his administration decided to make the border crisis WORSE by formally ending former President Trump’s successful ‘Remain in Mexico’ program
  • There have now been OVER 500,000 known “got-aways” at our southern border since the beginning of FY’22 in October.
  • According to court documents, the Biden administration has allowed over 1 million illegal immigrants to settle in the U.S.

MAKE NO MISTAKE: The historic crisis at our southern border was directly created by Joe Biden and his administration’s open border, mass releases, halted border wall, and zero enforcement policies.

The post Biden’s Border Crisis Reaches Another Historic Milestone in August appeared first on www.gop.gov.

Biden Celebrates Reckless Inflation Expansion Act as Americans Suffer the Costs of His Failing Agenda

13 Sep

Today, President Biden and House Democrats will take a victory lap today for his reckless Inflation ‘Expansion’ Act. This bill contains the very reckless spending and failed Far-Left policies that have already plunged our economy into a recession, stolen wages from America’s workforce, destroyed seniors’ retirement savings, and left America’s families with the highest food prices since 1979. Now, Joe Biden is doubling down.

 BIDEN’S INFLATION EXPANSION ACT:

  • President Biden and House Democrats’ Inflation Expansion Act will:
    • INCREASE our deficit through 2026, further fueling the skyrocketing inflation facing America’s families.
    • Increase energy costs with a natural gas tax, which was confirmed by the CBO this month. 
    • Spend $80 billion to allow the IRS to hire 87,000 new agents to target American families and businesses.
    • Cut as many as 30,000 jobs in the midst of the Biden Recession.
    • Raise taxes on millions of Americans in every income bracket and businesses when Americans are already paying more for just about everything. 
    • Spend over $350 billion in “Green New Deal” initiatives and an American energy tax that will worsen our energy crisis.
    • Does nothing to tamp down the inflation crisis that is robbing the paychecks of hardworking Americans and would actually increase inflation in the near term, and in fact studies have found that this bill would actually increase inflation in the near term. 

 MAKE NO MISTAKE: In a new majority, House Republicans have made a commitment to an economy that is strong—and that begins with reining in Biden and House Democrats’ reckless spending.

The post Biden Celebrates Reckless Inflation Expansion Act as Americans Suffer the Costs of His Failing Agenda appeared first on www.gop.gov.

Congress Must Investigate And Hold Twitter Accountable After Recent Whistleblower Allegations

31 Aug

Last week, it was reported that Twitter’s former head of security had filed a whistleblower complaint against the company with multiple government agencies alleging “egregious deficiencies, negligence, willful ignorance, and threats to national security and democracy.

The whistleblower alleges that Twitter has been lying about the use of bots and that they are being used to manipulate news stories and the political process.

According to the Wall Street Journal:

“Among Mr. Zatko’s claims are that Twitter executives, including Chief Executive Parag Agrawal, deliberately undercounted the prevalence of spam on the platform.”

CNN also reported that the whistleblower alleged that, “one or more current employees may be working for a foreign intelligence service.”

MAKE NO MISTAKE: House Republicans will work on behalf of the American people to conduct a thorough and swift investigation into these allegations against Twitter and hold them accountable for any and all wrongdoing. For far too long Big Tech has operated with unchecked power. It is time that their unchecked power comes to an end.

 

The post Congress Must Investigate And Hold Twitter Accountable After Recent Whistleblower Allegations appeared first on www.gop.gov.

President Biden is Coming for Our Guns

31 Aug

Yesterday, President Biden showed there is no limit to the Democrats’ unconstitutional gun-grabbing agenda. Rather than address violent crime, President Biden is doubling down on House Democrats’ radical policies in order to attack the Second Amendment rights of all Americans.

MAKE NO MISTAKE: While Far-Left House Democrats and President Biden continue to push for unconstitutional gun control measures, House Republicans will always stand for the Second Amendment rights of Americans and have actually passed legislation to address America’s violent crime crisis.

Joe Biden’s Gun Ban Fast Facts

  • AR-15s and similar semi-automatic rifles are among the most popular firearms sold today, with nearly 20 million in circulation as of late 2020.
  • A Department of Justice assessment on renewing the prior federal law banning categories of semi-automatic firearms and limiting magazine capacity determined that the “impact on gun violence is likely to be small at best, and perhaps too small for reliable measurement.”
  • The RAND Corporation conducted a comprehensive survey of existing, high quality literature on the effects of various gun control measures and concluded there was no reliable evidence that magazine capacity limits or bans on categories of semi-automatic firearms have a beneficial effect on reducing violent crime generally or mass shootings in particular.
  • The DOJ’s annual Uniform Crime Report (UCR) consistently showsthat murders from all rifles – not just semi-automatics – are less than that of murders committed with knives, clubs and fists.
  • Even the left-leaning Politifact rated this comparison “Mostly True” after parsing the data.

GUN OWNERS BY THE NUMBERS:

  • The Biden administration is ignoring the fact that Americans – of all races, creeds, colors and all walks of life – are purchasing firearms in record numbers.
  • Over 14 million Americans purchased a firearm for the first time in 2020 and 2021.
  • Background checks for the sale of a gun shattered previous records in 2020 at over 21 million, and another 18.5 million were completed in 2021.
  • For 35 months straight, there have been over 1 million background checks for gun sales.
  • According to a recent survey of industry retailers, nearly 47 percent of first-time gun buyers in 2021 inquired about training and 43 percent signed up for training.
  • Nearly 23 percent of retailers indicated that first-time gun buyers in 2020 purchased another firearm in 2021.
  • Over 33 percent of first-time gun buyers in 2021 were women.
  • 44 percent of retailers saw an increase of African-Americans purchasing firearms in 2021.
  • Nearly 40 percent of retailers saw an increase of Hispanic-Americans purchasing firearms in 2021.
  • Over 27 percent of retailers saw an increase of Asian-Americans purchasing firearms in 2021.
  • Over 18 percent of retailers saw an increase of Native-Americans purchasing firearms in 2021.
  • Nearly 14 percent of retailers saw an increase of Native-Hawaiian/Pacific Islanders purchasing firearms in 2021.

The post President Biden is Coming for Our Guns appeared first on www.gop.gov.

 House GOP Foreign Affairs Committee Interim Report”A Strategic Failure:”Assessing the Administration’s Afghanistan Withdrawal

18 Aug

One year ago, the world was watching in horror as Afghanistan was overrun by terrorists, as thousands of American citizens and hundreds of thousands of our Afghan allies desperately tried to get to the airport and onto a plane to safety. We now know that more than 1,000 American citizens were left behind to fend for themselves, and tens of thousands of our Afghan allies were abandoned to be hunted by the Taliban.

Yesterday, House Foreign Affairs Committee Minority has published an interim report on President Biden’s decision to withdraw from Afghanistan and the resulting chaotic and deadly evacuation. This is the first step in a thorough investigation into why the decision to unconditionally withdraw was made in defiance of the conditions on the ground, why the Biden administration failed to properly plan for the results of that withdrawal, and what short-term and long-term impacts these events will cause.

Top Takeaways from the HFAC Republican Investigation:

The Doha agreement didn’t force President Biden to withdraw from Afghanistan – he chose to do that in spite of advice from his top military advisors, the intelligence community, and America’s allies.

  • The Doha agreement was conditions-based, and those conditions were not being met according to Pres. Biden’s own advisers. In addition, President Biden has admitted he “would’ve tried to figure out how to withdraw those troops” from the country even if the Doha agreement didn’t exist.
  • Generals Milley, McKenzie, and Miller all advised the president to leave a small force of about 2,500 military personnel in the country that would be joined by 6,000 NATO troops.

The Biden administration absolutely did NOT “plan for all contingencies,” as they repeatedly claimed.

  • At the height of the evacuation, only 36 State Department consular officers were on site, or about one for every 3,400 evacuees.
  • Brigadier General John Sullivan, Joint Task Force-Crisis Response Commander in Kabul said, “NSC was not seriously planning for an evacuation…The embassy didn’t fully participate in NEO planning until a week prior to the fall.”
  • Around the same time General Miller warned, “the Taliban are on the move” and “what we are seeing is the rapid loss of district centers,” the U.S. Ambassador to Afghanistan, Ross Wilson, took 2-week vacation the last week of June and first week of July 2021.

Before, during, and after the military evacuation, senior officials in the Biden administration – including the president himself – misled the American people. In some instances, they made these statements knowing they were not accurate. 

  • Officials said the Taliban were cooperating and “business-like” during the evacuation when in fact they were beating, shooting and detaining would be evacuees – information that was both being reported in the news and was included in internal State Department memos.
  • President Biden said it was “highly unlikely” the Taliban would take power, despite the U.S. military and U.S. intelligence community warning repeatedly this is exactly what would happen.

The fallout from the withdrawal and evacuation has made America less safe, emboldening our adversaries and angering our allies.

  • The Biden administration repeatedly claimed only “about a hundred” American citizens were abandoned in Afghanistan after the U.S. military evacuation ended on August 31, 2021. However, the report reveals meaning more than 1,000 Americans were abandoned in a country controlled by a terrorist organization.
  • After the evacuation, desperate to find safety from the Taliban, a “significant” number of Afghan security forces, including high ranking officers and commandos, crossed the border into Iran. Some brought military equipment and vehicles with them. While some were returned to Afghanistan, according to the UN, others likely remained.
  • The Department of Defense, the Defense Intelligence Agency, and the chief of MI-6 all agree the withdrawal is good for America’s adversaries, specifically Iran, China, and Russia.

The Biden administration has refused to comply with any requests for documents. It’s imperative Congress fulfill its Article I duties and conduct proper oversight of the decision to withdraw and the fallout that caused.

  • The Committee Minority believes the State Department needs to provide the long overdue requested documentation, which includes memos, letters, and notes touching on the decision to withdraw, the preparations made for the fallout from the withdrawal, and the military evacuation. In addition, they should make available the 38 requested officials for transcribed interviews.
  • The House Foreign Affairs Committee should hold multiple, open and closed hearings focused on the withdrawal from Afghanistan with top Biden administration officials including Secretary Blinken, NSA Sullivan, and others.
  • For top takeaways from the interim report, click here.

The post  House GOP Foreign Affairs Committee Interim Report”A Strategic Failure:”Assessing the Administration’s Afghanistan Withdrawal appeared first on www.gop.gov.

Biden’s Border Crisis Last Month Was Over 300% Worse Than July 2020

16 Aug

As President Biden returned from one more vacation, U.S. Customs and Border Protection (CBP) reported that our southern border had 199,976 illegal border crossings in July – an OVER 300% increase from the final July of President Trump’s administration.

This is now the 17th consecutive month under Joe Biden’s watch that our southern border has had OVER 150,000 illegal border crossings.

BIDEN’S BORDER CRISIS BY THE NUMBERS:

  • In July, there were 199,976 illegal immigrant encounters at our southern border.
  • In July, at least 10 more suspects on the FBI’s Terrorist Screening Database (TSDB) were apprehended attempting to illegally cross our southern border.
    • There have now been 66 apprehended so far in FY22 – more than double the previous five years combined.
  • From June 2022 to July 2022, fentanyl seizures increased OVER 200%, bringing the total to OVER 10,000 pounds of poisonous fentanyl seized this fiscal year alone – and there is still a month and a half left.
  • Earlier this month, Joe Biden and his administration decided to make the border crisis WORSE by formally ending former President Trump’s successful ‘Remain in Mexico’ program.
  • There have now been OVER 500,000 known “got-aways” at our southern border since the beginning of FY2022 in October.
  • Since Joe Biden took office, OVER 3.2 MILLION illegal immigrants have been apprehended at our southern border.
    • According to court documents, the Biden administration has allowed over 1 million illegal immigrants to settle in the U.S..
    • The number of total encounters in FY22 has already eclipsed the record-setting number in FY21, and there are still two months remaining in FY22.

MAKE NO MISTAKE: Joe Biden and House Democrats’ open borders, mass releases, halted border wall, and zero enforcement policies have created a historic border crisis.

The post Biden’s Border Crisis Last Month Was Over 300% Worse Than July 2020 appeared first on www.gop.gov.

One Year Ago, Joe Biden’s Disastrous Afghanistan Withdrawal Left Americans Behind Enemy Lines & Our Adversaries Emboldened

15 Aug

One year ago, President Biden’s disastrous withdrawal from Afghanistan led to the deadliest attack on Americans in Afghanistan since 2011 and left at least 600 Americans and BILLIONS of dollars of U.S. military equipment stranded behind enemy lines. Click HERE to read details of House Foreign Affairs Committee Republicans’ new report.

MAKE NO MISTAKE: President Biden’s catastrophic failure in leadership is to blame for the Taliban’s takeover of Afghanistan. In a new Republican House majority, we will leave no stone unturned in our effort to provide oversight on this deadly withdrawal and honor the 13 brave service members who lost their lives serving our country.

THE FACTS ABOUT BIDEN’S FAILED WITHDRAWAL: 

  • President Biden’s disastrous withdrawal from Afghanistan has led to:
    • On July 8th, 2021, Joe Biden said: “There’s going to be no circumstance where you see people being lifted off the roof of an embassy of the United States from Afghanistan.”
    • At least 600 Americans were abandoned behind enemy lines in Afghanistan for months.
      • The administration admitted initially that they did not know how many Americans remained in Afghanistan.
    • The deadliest attack on Americans in Afghanistan since August 2011 occurred because of Biden’s failed leadership.
    • Unknown BILLIONS of dollars in U.S. military equipment is now in the hands of the Taliban.
  • Terrorists are now emboldened to attack Americans.
  • Earlier this year, leaked documents from the Biden White House revealed that those outside of the administration felt Biden “lacked urgency” as the administration was still scrambling to prepare an evacuation and relocation plan for civilians and Afghan staff the afternoon before Taliban forces took over the capital city of Kabul.

TIMELINE FLASHBACK:

  • Biden is the one who decided to pull out U.S. forces by the upcoming 20th anniversary of the Sept. 11 attacks.
  • Joe Biden’s withdrawal from Afghanistan was NOT conditions-based.
    • The conditions of President Trump’s agreement were continuously violated by the Taliban and the Biden administration did not hold them accountable.
    • The Biden administration had been warned that the Taliban would stop at nothing until they retook the country. Now, the Taliban is back and the United States is less safe.
  • The decision by the Biden Administration to abandon Bagram Air Base early and leave only a few hundred troops at Hamid Karzai International Airport opened the door to the Taliban’s rapid takeover.
    • Assistant to the Secretary of Defense for Public Affairs John Kirby joined CNN where he ADMITTED the Administration has NO PLANS to help Americans get out of Afghanistan.
    • Former White House Press Secretary Jen Psaki refused to admit that Americans are stranded in Afghanistan, despite an abundance of evidence to the contrary.

The post One Year Ago, Joe Biden’s Disastrous Afghanistan Withdrawal Left Americans Behind Enemy Lines & Our Adversaries Emboldened appeared first on www.gop.gov.

Biden Ends Remain in Mexico as Historic Border Crisis Rages On

9 Aug

In the midst of the worst border crisis in American history, Joe Biden and his administration have now decided to make it WORSE by formally ending former President Trump’s successful ‘Remain in Mexico’ program.

This program required illegal immigrants who are awaiting asylum claims in the U.S. to stay in Mexico until their cases are adjudicated, which decreased the incentive for many illegal crossings and gave our Border Patrol a much-needed reprieve in the midst of a historic influx.

BIDEN’S BORDER CRISIS BY THE NUMBERS:

  • There have now been OVER 500,000 known “got-aways” at our southern border since the beginning of FY2022 in October.
  • In June, an additional six illegal immigrants apprehended at our southern border were on the terrorist watch list, bringing the total to 56 for FY22.
    • That is nearly double the 30 in the previous four years combined.
  • In June, there were 207,416 migrant encounters at our southern border.
    • June was the fourth consecutive month of OVER 200,000 encounters.
    • That is a 527% increase in apprehension compared to the last June of President Trump’s administration.
    • There have now been 16 straight months of OVER 150,000 illegal border crossings.
    • This June is the worst June on record, according to CBP data.
  • Since Joe Biden took office, OVER 3.1 MILLION illegal immigrants have been apprehended at our southern border.
    • According to court documents, the Biden administration has allowed over 1 million illegal immigrants to settle in the U.S..
    • The number of total encounters in FY22 has already eclipsed the record-setting number in FY21, and there are still three months remaining in FY22.
  • A report shows drug overdoses, mostly from opioids, hit an all-time high in 2021 of OVER 100,000.

BOTTOM LINE: Joe Biden is worsening the chaos at our southern border and in communities across this country with his open-border agenda. This decision is one more dangerous example of Biden’s dedication to worsening crisis after crisis with his failed Far-Left agenda.

The post Biden Ends Remain in Mexico as Historic Border Crisis Rages On appeared first on www.gop.gov.