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The idea of a famine in the United States, like those that universal history keeps in its most devastating pages, would have seemed to us not long ago a completely unfeasible possibility. This country has been, since very shortly after its foundation, a true world power, not only in the economic and military aspects, but also in what refers to its consumer market and its productive capacity, on most fronts. During the 20th century, the United States helped the entire world overcome two world wars against true axes of evil, which could have pushed our entire civilization to horribly unimaginable limits.
The United States ranks third in the list of food-producing countries, after China and India, with a production that in 2020 exceeded $307 billion dollars, of which almost half is exported to other countries. With that production capacity, it is not surprising that no generation living in the United States today remembers a situation like the one we are going through today, where, as food prices have been skyrocketing, practically out of control during the Biden administration, families are going hungry and food banks are struggling to get food to everyone who needs it.
It’s a fact that during the Biden administration, skyrocketing prices have forced families to cut back on food, leaving more Americans struggling to pay their grocery bills and food banks look overwhelmed. In August, consumer prices rose 8.3 percent from a year ago, hovering near 40-year highs and exceeding economists’ expectations.
Food prices in general rose 11.4 percent, year over year, marking the biggest increase since 1979. In the same period, real average hourly earnings fell 2.8 percent, meaning wages of workers cannot keep up with rising food prices.
Bidenflation is causing grocery bills to skyrocket, forcing many Americans to turn to generic brands, cut back on essentials or go without certain types of food altogether. Grocery prices soared 13 percent from last year, marking the biggest increase in 43 years. Egg prices soared a staggering 40 percent, while items like bread, deli meats and milk rose 16, 18 and 17 percent, respectively.
Since Biden took office, food prices have risen sharply due to inflation, costing American families nearly $100 more in the past month alone, according to the Congressional Joint Economic Committee. Due to these rising prices, 39 percent of Americans have had no choice but to cut their spending on food and groceries in the past six months, and many have been forced to turn to food banks to provide for their families.
And as food prices continue to rise, young students and the elderly are paying the price for Biden’s failures. Thanks to Bidenflation, schools across the country are forced to increase their prices or offer limited menus, and some schools are reducing meal portions and cutting back on fresh foods.
Bidenflation is also increasing food insecurity among older Americans, especially retirees. Nearly half of older Americans cannot afford their essential expenses, including food. Thirty-seven percent of Americans between the ages 50 and 80 say rising food prices have hit them hard, including 46 percent of older Americans who earn less than $30,000 a year.
Food prices have been eating away most family budgets, and the radical policies of Biden and the Democrats have only made things worse. Studies by the Tax Foundation, Penn Wharton, Moody’s and the Congressional Budget Office have found that the Democrats’ “Inflation Reduction Act” will either contribute to worsening inflation or do essentially nothing to reduce it. A report by the Federal Reserve Bank of San Francisco found that the $1.9 trillion “stimulus” from Biden and the Democrats fueled inflation. Even liberal economists agree that Biden’s massive spending increased inflation, including Biden’s Treasury Secretary. Janet Yellen herself.
Jaime Florez is the Hispanic Communications Director - Republican National Committe. Public Relations, Public Affairs, Communications, and Marketing Executive with extensive experience in politics, international trade, publishing, and mass media // Jaime Florez es Director de Comunicaciones Hispanas - Comité Nacional Republicano. Ejecutivo de Relaciones Públicas, Asuntos Públicos, Comunicaciones y Marketing con amplia experiencia en política, comercio internacional, publicaciones y medios de comunicación.