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Pelosi claims government spending is ‘reducing the national debt,’ not causing inflation

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Home Speaker Nancy Pelosi, D-Calif., argued Friday that world inflation “begins with [Russian President Vladimir] Putin,” however that elevated U.S. authorities spending on home social applications would assist lower the nationwide debt and convey down inflation at residence.

Through the 2022 Home Democratic Points Convention, Pelosi referred to report gasoline costs within the U.S. as “Putin’s tax” and “Putin’s gasoline hike.” She stated passing elements of President Biden’s multi-trillion-dollar social coverage invoice, referred to as the Construct Again Higher Act, which is all however lifeless resulting from moderates’ opposition, would make new investments in schooling and workforce improvement in a method that will finally carry costs down. 

Fuel costs throughout the US had been rising sharply lengthy earlier than Putin launched Russia’s unprovoked invasion of Ukraine, since Biden’s first days in workplace when he canceled the Keystone XL pipeline and “paused” oil and gasoline leases on federal lands by way of government order. The Biden administration launched 50 million barrels of oil from the Nationwide Strategic Reserve on November 23, 2021, in an try and alleviate rising ache on the pump. Russia invaded Ukraine on February 24, 2022. The Biden administration launched one other 30 million barrels from the reserve in early March 2022.

BIDEN CLAIMS ‘INFLATION IS LARGELY THE FAULT OF PUTIN,’ NOT DEMOCRATIC SPENDING

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“One different level that we’ll make about it’s that what we’re doing in our laws, what we might do within the Construct Again Higher – seventeen Nobel laureates in economics stated that laws doesn’t enhance inflation.  It’s non-inflationary due to the best way it’s written,” Pelosi stated.

Speaker of the Home Nancy Pelosi, D-Calif., conducts a information convention within the Capitol Customer Heart to introduce members of the choose committee to analyze the January sixth assault on the Capitol on Thursday, July 1, 2021. 
(Tom Williams/CQ-Roll Name, Inc by way of Getty Photographs)

“So once we’re having this dialogue, it is essential to dispel a few of those that say, effectively it is the federal government spending – no, it is not,” she continued. “The federal government spending is doing the precise reverse, decreasing the nationwide debt. It isn’t inflationary.”

“We’re paying very shut consideration to it, however this begins with Putin as a result of the worldwide inflation for causes past the gasoline worth,” she continued. “International inflation is one thing that we have now to cope with globally, however we have now our duty to cope with it at residence, and we have now laws that does simply that, by rising provide and, once more, creating jobs in a method that’s not including to inflation.”

Biden made related feedback throughout a Democratic retreat in Philadelphia on Friday.

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President Joe Biden speaks at the House Democratic Caucus Issues Conference

President Joe Biden speaks on the Home Democratic Caucus Points Convention
(AP Picture/Patrick Semansky)

“I’m sick of these things,” he stated, gesturing along with his palms to recommend he’d had it as much as his neck. “The American individuals suppose the explanation for inflation is the federal government spending more cash. Merely not true.” 

In the meantime, specialists say Biden’s $1.9 trillion American Rescue Plan together with issues brought on by the coronavirus pandemic, together with provide chain points and rising demand, helps hike costs, in accordance with The Wall Avenue Journal.

Steven Rattner, a former Treasury Division official beneath the Obama administration, has referred to as the spending in American Rescue Plan the “authentic sin” that prompted inflation. 

Fox Information’ Brie Stimson contributed to this report.

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Top Dems planning meeting about Biden's future despite president's vows to continue campaign

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Top Dems planning meeting about Biden's future despite president's vows to continue campaign

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Top Democratic congressional leaders are planning to hold a meeting to discuss President Biden’s fledgling re-election campaign, even as Biden himself has struck a defiant tone amid calls to drop out of the race.

House Minority Leader Hakeem Jeffries, D-N.Y., is leading a virtual meeting with top Democrats on Sunday, with leaders expected to discuss the path forward for Biden’s campaign, according to an NBC News report that has been confirmed by Fox News.

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The meeting will feature Jeffries and top committee Democrats, a person familiar with the arrangement told Fox News, but will not be a meeting of the full Democratic caucus. 

CRITICS PILE ON BIDEN FOLLOWING ABC INTERVIEW, BLAST HIS REFUSAL TO COMMIT TO COGNITIVE TEST: ‘DISQUALIFYING’

House Democratic Leader Hakeem Jeffries and President Biden (Getty Images)

The meeting comes after Biden’s 22-minute interview with ABC News on Friday, which the Biden campaign hoped would ease fears that the president doesn’t have what it takes to continue the campaign and defeat former President Donald Trump in December. Instead, the interview set off a new round of fears among Democrats who were already concerned by Biden’s disastrous debate performance last week.

“Look, Biden looked better and certainly more coherent than he looked during the debate, but there’s nothing in this interview that is calming the nerves of jittery Democrats who fear that Joe Biden is on a trajectory to lose this race, to lose to Donald Trump,” ABC News chief Washington correspondent Jonathan Karl said after the interview.

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Biden, however, struck a defiant tone, saying at one point that he would not drop out unless “the Lord Almighty were to come down and say, ‘Joe, get outta the race.’”

But Democrats, many of whom have expressed fears a lackluster performance by Biden at the top of the Democratic ticket and cost the party Congressional seats, are seemingly not persuaded.

Biden ABC interview

President Biden raised eyebrows when he expressed uncertainty about whether he had watched his debate performance in an interview with ABC’s George Stephanopoulos.  (Screenshot/ABC)

PRESIDENT BIDEN FACES THE MOST CONSEQUENTIAL WEEKEND OF HIS POLITICAL CAREER

The meeting of House committee leaders, which is slated for 2 p.m. Sunday, is not part of any regularly scheduled meeting for top Democrats, NBC reported. Meanwhile, Sen. Mark Warner, D-Va., is organizing a meeting among Democratic senators next week to discuss Biden’s electability and the potential fallout for down-ballot races.

While some Democrats have kept concerns about the president’s electability private, a growing number have publicly called on Biden to step aside.

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Meanwhile, Biden defenders such as Sen. John Fetterman, D-Pa., have urged others not to panic. Fetterman told NBC News that he “can’t think of a single situation where panicking or freaking out has made a situation better.”

Fetterman walking with phone

Sen. John Fetterman, D-Pa. (Nathan Howard/Bloomberg via Getty Images)

“He’s the one person who has beaten Trump before,” Fetterman said of Biden.

The Biden campaign did not immediately respond to a Fox News Digital request for comment.

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Your guide to Proposition 33: Effort to expand rent control

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Your guide to Proposition 33: Effort to expand rent control

At the moment, state law limits rent increases for tenants in apartments and corporate-owned single-family homes that are older than 15 years. The cap is set at 5% plus inflation, with a maximum increase of 10%.

Local jurisdictions can impose stricter caps, but with limits.

State law generally prohibits local governments from putting rent control on single-family homes, as well as apartments built after February 1, 1995. In some cases, like the city of Los Angeles, that cut-off date is even earlier.

The law allows property owners to charge whatever they want when a unit becomes vacant. Once a new tenant moves in, the limitations take effect.

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If Proposition 33 passes, it would repeal the state law that bans localities from capping rent on vacant units, single-family homes and apartments built after Feb. 1, 1995 or earlier.

Local governments wouldn’t be required to regulate rents on such properties, but they could if they wanted to.

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Veterans respond to Biden claiming he's been 'in and out of battles': 'Don't make it about you'

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Veterans respond to Biden claiming he's been 'in and out of battles': 'Don't make it about you'

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President Biden claimed Thursday he’s been  “in and out of battles” while addressing an audience of military service members and their families at Thursday’s White House Fourth of July Barbecue. 

“And by the way, I’ve been all over the world with you. I’ve been in and out of battles,” the president, who never served in the military, though as Commander-in-Chief, met with President Volodymyr Zelenskyy of Ukraine in February 2023 and Prime Minister Benjamin Netanyahu of Israel in October 2023.

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It’s not the first time Biden has come under fire for remarks to military service members. In 2019, Biden came under fire for conflating and misrepresenting war stories after the Washington Post exposed a “moving but false war story” told on the campaign trail. Biden, then the former vice president and candidate for president, later defended what he said, saying the “central point” was accurate. 

Veterans 4 America First Institute, a non-profit veterans’ group, responded to Biden’s Fourth of July claims in an interview with Fox News Digital.

Peter O’Rourke is a former Acting Secretary for Veterans Affairs under President Trump and a veteran of both the Air Force and Navy. Darin Selnick, Former Veteran Affairs Advisor for the White House Domestic Policy Council, is also a former Air Force veteran. They both currently serve veterans in their roles with Veterans 4 America First.

GOLD STAR FAMILY SPEAKS OUT AFTER BIDEN FALSELY CLAIMS NO TROOPS HAVE DIED ON HIS WATCH: ‘SHAME ON YOU’

President Biden made a gaffe at the White House Fourth of July barbecue Thursday, claiming to have been ‘in and out of battles’ to military service members and their families. (Getty Images)

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“It’s always bad form when a politician tries to make it about themselves and somehow equate their service with the service of those men and women who serve,” Selnick said. “So the only one who has been in battle are the men and women who served, not President Joe Biden.”

DEM GOVERNOR AND TOP BIDEN SURROGATE URGES PRESIDENT TO ‘CAREFULLY EVALUATE’ HIS PATH FORWARD

“The men and women who serve have been all over the world in battle. So just keep it to that. Don’t try to equate what you’re doing with that, cozy up and and and that sort of thing. Just speak about the servicemen and women, think about the country; don’t make it about you. That’s the sad part, because every time Joe Biden speaks he always somehow tries to make it about him,” Selnick added.

“…every time Joe Biden speaks he always somehow tries to make it about him.” 

— Darin Selnick

Former Acting Secretary of the VA Peter O’Rourke also critiqued the president’s claim.

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“I think the disappointment Darin and I both share is the continued disrespect, whether it’s examples of veterans that have been harmed in ways that don’t make a lot of sense, or just not really providing the efforts that we’d love to see our presidents give when it comes to articulating their concerns or their feelings toward veterans,” he said. 

President Biden speaks emphatically with his hands at White House Fourth of July barbecue

US President Joe Biden speaks during a 4th of July event on the South Lawn of the White House on July 4, 2024 in Washington, DC. The President is hosting the Independence Day event for members of the military and their families.  (Samuel Corum/Getty Images)

O’Rourke continued, saying, “we saw this example, trying to find every opportunity to politicize, trying to sneak in a jab at his political opponent on a day where really, we should just be celebrating our independence. He was there to recognize and honor both veterans and active duty members.”

Veterans 4 America First Institute supports former President Trump for his military policy in November’s presidential election. Selnick told Fox News Digital, “we’re in a very crucial time both for the military and for the veterans who have left the military. We need a commander in chief that’s going to move things forward and do what’s right, for the veterans, and for the American people.”

President Biden speaks at White House Fourth of July barbecue

US President Joe Biden, center, speaks during a barbecue with active-duty military service members and their families on the South Lawn of the White House in Washington, DC, US, on Thursday, July 4, 2024. Biden’s reelection campaign limped into the US Independence Day holiday, exhausted by a week of the incumbent clawing to maintain his hold on his party’s nomination. (Tierney L. Cross/Bloomberg via Getty Images)

Selnick added, “and that’s why we need Donald J. Trump back as commander-in-chief, because under him, we had a thriving military.”

Veterans 4 America First Institute’s mission as listed on their website is “To preserve and expand our nation’s commitment to our Veterans, military, and their families through public education and advocacy.”

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The White House has not responded to Fox News Digital’s request for comment.

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