Inflation continues to plague hard-pressed American households, as the Consumer Price Index (CPI) rose by 0.3% in April, according to the Labor Department's latest report. This increase is on par with the rates reported in January, highlighting the persistent nature of "transitory" inflation. Over the span of twelve months through April, CPI has risen by 3.4%, surpassing the 3.1% increase recorded through January.

Furthermore, wholesale prices, which serve as an indicator for future retail prices, surged in April at the fastest annual rate since April 2023, signaling more financial challenges for Americans.

President Biden's tenure has witnessed a concerning trend, with the CPI increasing by 19% since he assumed office in 2021, leading to a decline in Americans' purchasing power. Basic necessities have been particularly affected, with groceries seeing a shocking 21% price hike, gasoline prices surging by 47%, and the cost of shelter and electricity rising by 20% and almost 30%, respectively.

The impact on American workers is equally alarming, with average hourly earnings falling over 2.5% after adjusting for inflation since President Biden assumed office. To maintain their standard of living, the average American family must now spend an additional $12,000 per year compared to when the current administration began.

The effects of inflation are even more severe than what official CPI numbers indicate. The government's calculation methodology intentionally understates actual inflation to conceal the consequences of its policies. Inflation itself is a result of government actions that increase the supply of money in the economy faster than its productive sectors can grow, leading to economic imbalance.

Since taking office, the Biden administration has injected borrowed money into the economy through transfer payments, subsidies, and grants to secure political support. Simultaneously, federal agencies under President Biden's control have implemented burdensome regulations targeting industries such as oil and gas, further stifling economic productivity. The result was an inevitable rise in inflation rates.

President Biden claims that fighting inflation is a top priority. However, critics argue that there is a lack of substantial effort to control and stabilize prices. The progressive model of government, which relies on continuous disbursement of borrowed funds to gain political support, is fundamentally connected to inflation.

The national debt under President Biden has skyrocketed by $13 trillion, surpassing $34.6 trillion. Concerns arise about the lack of a plan to manage or reduce the national debt. The progressive political class, it is argued, seeks to perpetuate inflation to engineer a gradual default on the debt, avoiding disruptive consequences that would hinder their political benefits.

While defaulting on the debt is deemed highly unlikely, the gradual erosion of the dollar's value through inflation allows the government to pay off its debts with devalued currency, effectively defaulting on its obligations. This not only compromises financial integrity but also violates Section 4 of the Fourteenth Amendment, designed to preserve the integrity of obligations incurred by the United States.

Inflating the value of the dollar by approximately 2% each year through Federal Reserve policies serves the government's debt management goals but poses a significant threat to American households. Diminishing the value of the dollar by 50% over a generation will bring financial devastation for families.

The ongoing inflation crisis, driven by the Biden administration's policies, not only has economic implications but also raises questions about its legality. Inflation, in addition to being economically destructive, violates the Constitution, as the government fails to honor its financial obligations by paying off debts with devalued dollars.

As American households grapple with rising prices and diminishing purchasing power, the need for effective measures to curb inflation remains urgent. Addressing this crisis is crucial to protect the financial stability and well-being of American families.