(WND)—An economist who is the acting director of the Grover M. Hermann Center for the Federal Budget at The Heritage Foundation, Richard Stern, is marking Thanksgiving Day 2023 with a warning that Joe Biden’s economy is putting an “astonishing burden” on American households.
In a commentary at the Daily Signal, he wrote that the traditional Thanksgiving dinner, at $46.90 in 2020, now is $61.17, “an increase of more than 30.4%.
“This price increase puts an astonishing burden on American households. However, that is only one of many price jumps during the Bidenomics era. Across all categories of food at home, prices are up more than 20% from when President Joe Biden took office, while energy prices are up well over 35%,” he explained.
Bidenomics also has “dramatically pushed up the first year’s interest cost on a typical mortgage from around $8,500 when President Donald Trump left office to well over $24,000 now,” he said.
From Reagan through Trump, annual interest payments on a new mortgage, with 20% down on a median house, were stable.
Under Biden? Up from $8,500 to almost $24,300…over 285% of the level under Trump! Thanks Bidenomics… pic.twitter.com/CegrUuLOW6
— Richard A. Stern (@RichAStern) October 28, 2023
Stern warned, “Thanksgiving is meant to be devoted to thankfulness for family and the many other blessings in each of our lives. But, as most American families sit down to a Thanksgiving meal on Thursday, they will also be met with a specter looming over their financial life—namely, Bidenomics.
“This rampant level of inflation hasn’t, however, been a random or unforeseeable occurrence. It’s the direct and predictable result of massive upticks in federal spending. Whenever the government spends, it does so by forcefully taking funding out of the hands of hardworking Americans,” he explained. “When a business or household borrows, it does so because the lender has faith that the borrower will be able to earn enough money to pay back the loan in the future. When a government borrows, however, that isn’t the case.
“Governments are not capable of earning money through merit alone. Nationalizing industries or raising taxes are clearly coercive. Printing more money is another form of theft, forcefully pouring water into the wine of every American’s life savings.
“Since these methods are coercive, government borrowing is as well. When a government borrows money, it agrees to use its unique power to pay back the loan with someone else’s money,” he noted.
It’s the Left, he charged, that has “propagated the lie that government deficit spending was a magical free lunch because the government didn’t hike taxes to pay for massive spending increases. As inflation has shown, in the end, there is no free lunch, just the government eating your lunch at the money market buffet table.”
The result is inevitable, he said. “With Biden and so many other politicians committed to deficits at such an absurd level, there is only one further policy outcome: hyperinflation or sky-high interest rates that crowd out economic growth.”
Under Biden, “prices are now up more than 20% since the pandemic started and mortgage rates have spiked from around 3% to 7.5%, pushing that pillar of the American dream, homeownership, even further out of reach for tens of millions of Americans,” he said.
His advice: “As the nation comes together this Thanksgiving to be with loved ones and count their blessings, let us recommit to the principles that led us to such prosperity. May lawmakers reduce the crushing size and scope of the government to allow Americans to keep the fruits of their labors and get back to building a brighter future for generations to come.”
Biden, meanwhile, is spending his Thanksgiving at the $34 million Nantucket island home of a friend, billionaire businessman David Rubenstein.
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Three Reasons a Coffee Gift Set From This Christian Company Is Perfect for Christmas
When you’re searching for a Christmas gift that’s meaningful, useful, and rooted in faith, you don’t want to settle for anything generic. This season is filled with noise — mass-produced products, last-minute picks, and trends that fade as quickly as they appear. But one gift stands apart because it blends genuine quality with a message that matters: a coffee gift set from Promised Grounds Coffee.
This small Christian-owned company has become a favorite among believers who want to support faith-driven businesses while giving friends and family something they’ll actually enjoy. Here are three reasons a Promised Grounds Coffee gift set may be the most thoughtful and impactful present you give this year.
1. It’s Truly Delicious Coffee
Too many “gift-worthy” coffees look beautiful in the package but disappoint when the cup is poured. Promised Grounds takes the opposite approach — exceptional taste first, thoughtful presentation second.
Their beans are sourced with care, roasted in small batches, and crafted to bring out a rich, smooth flavor profile that appeals to both casual drinkers and true coffee lovers. Whether someone enjoys bold, dark roasts or lighter, more delicate blends, every sip reflects quality that stands shoulder-to-shoulder with the biggest specialty brands.
Simply put: this coffee is good. Really good. Some say it’s absolutely fantastic. If you want a gift that won’t be re-gifted, ignored, or shoved in a cabinet, this is it.
2. It Spreads the Word While Serving a Real Purpose
There are many Christian gifts that are meaningful… but not exactly practical. There are also useful gifts that have nothing to do with faith. Promised Grounds Coffee bridges both worlds beautifully.
Each gift set delivers an encouraging, faith-centered message through its packaging and presentation — a simple but powerful reminder of God’s goodness during the Christmas season. The cups are especially popular and serve as a daily reminder of the blessings from our Lord. At the same time, the product itself is something people will actually use and appreciate every single day.
It’s a gift that uplifts the spirit and fills the mug. A gift that points loved ones toward Scripture while still being part of the normal rhythm of life. And in a culture that increasingly pushes faith to the margins, giving a gift that quietly but confidently honors Christ can make a deeper impact than you might expect.
3. It’s Affordable, Valuable, and Elegantly Presented
Many people want to give something meaningful without breaking their Christmas budget. Promised Grounds Coffee strikes that perfect balance — the sets look and feel premium, but the price remains accessible.
The packaging is classy, clean, and gift-ready, making it ideal for:
- Family members of all ages
- Co-workers or employees
- Church friends or small-group leaders
- Hosts, neighbors, and last-minute gift needs
It’s the kind of gift that feels more expensive than it is — and more thoughtful than most of what you’ll find on store shelves.
The Perfect Blend of Faith, Flavor, and Christmas Cheer
A coffee gift set from Promised Grounds Coffee checks every box: a gift that tastes amazing, conveys your faith, supports a Christian business, and brings daily enjoyment to the person who receives it. In a season when so many gifts are forgotten, this one stands out for all the right reasons.
If you want a Christmas present that reflects your values and delivers genuine joy, Promised Grounds Coffee is the perfect place to start.