American families are now facing widespread electricity shutoffs as an estimated 20 million people across the country have fallen behind on their energy bills amid the cost-of-living crisis.
In Democrat President Joe Biden’s America, millions are now finding it hard to eat, get work and pay their electric bills.
In 2014, the Obama administration pushed for higher energy prices, arguing that families had been paying too little for electricity for too long.
As soon as Biden took office, he began implementing the Democrats’ radical Green New Deal energy policy.
The controversial policy directly forces higher costs for energy and, as a result, is causing a high burden for the American people.
A review by The Conservative Treehouse of the Consumer Price Index (CPI) for July [Data Here] shows electricity bills are rising rapily across the United States.
The year-over-year electricity price has increased by 15.2 percent.
However, worse still, the July increase alone was 1.9%, which figures to an annualized rate of 22.8%.
When the growth rate of monthly increase is exceeding the year-over-year result, that means future higher prices are coming.
This is a serious problem that cannot be overstated.
Already struggling with a doubling of gas prices, massive food price increases at the grocery store and the pain of all costs for goods far outpacing any rate of wage increase, this type of uncontrollable increase in price of electricity is going to hit the middle class hard.
Steve Cortes, a former aide to President Donald Trump, calls this the “backside of the Biden-created inflation hurricane.”
The backside of a hurricane is the worst because it hits from the opposite direction upon already weakened infrastructure.
The hurricane metaphor is apt because any increase in energy costs will be accompanied by the simultaneous arrival of another wave of food inflation, as the massive increases in field and crop prices start to feed into the food supply chain headed to our forks next month.
Making matters that much worse, Bloomberg is now reporting that 20 million households are now behind in their utility bills, specifically electricity bills.
The moratorium on shutoffs has now ended.
Tens of millions of Americans – one in six U.S. households – are now facing having their electricity turned off due to lack of payment.
This is a serious issue with major social implications created by the desperation of those families.
Middle- and lower-income families cannot survive this level of financial pressure.
Cortes recently appeared with Steve Bannon to discuss the crisis many families are facing.
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