Economy

Economic hardship caused, in large part, by President Biden’s wasteful spending policies and misguided attacks on American energy production recently broke another record. For the first time in over two decades, mortgage rates rose to 7.12% as the Federal Reserve continues its rate hikes to combat the inflation crisis spurred by reckless government spending. Even worse, there is no indication that this upward trajectory will reverse course in the coming months – spelling disaster for American families who want to purchase a home and plant their roots.

On metric after metric, President Biden’s economic agenda – which he has coined “Bidenomics” – has failed our families, farmers, small businesses, and rural communities. His tax-and-spend policies have pushed the American Dream out of reach for too many families by eroding their paychecks and crushing their budgets under the insurmountable weight of record inflation, higher taxes, and crippling debt. The economic indicators speak for themselves, too.

In 2022, nearly 110,000 Americans died from a drug overdose, including 75,000 people who lost their lives at the hands of synthetic opioids like fentanyl.

In the 21st century, access to high-speed, affordable internet is critical to the success of our rural communities and our long-term economic vitality. Reliable broadband connection ensures that our families can work from home, our farmers can effortlessly monitor commodity prices online, and our main street businesses can utilize the technology they need to serve their customers and make a living. To promote economic development and grow our rural communities, dependable internet connection is a must.