The U.S. government has reportedly spent nearly $4 trillion since President Joe Biden’s inauguration in January 2021.

There are also reports of U.S. investors losing approximately $7.6 trillion in market value within the same timeline of Biden taking office.

But help is on the way, said Rep. Tony Gonzales, R-Texas, in the form of the Republicans controlling the House when a new Congress convenes on Jan. 3.

“I like to remind people: The power of the purse strings resides with the House,” Gonzales told Newsmax Friday evening, while appearing on “Spicer & Co.” with guest hosts Michael Grimm and Rita Cosby.

The way Gonzales sees it, the House Republicans — old and new — need to take decisive action in Congress right off the bat, enforcing a cap on the Democrats’ exorbitant spending, which contributed to 40-year highs with inflation during the summer months.

“Republicans need to go on the offensive,” said Gonzales, while touting proposed cuts with spending and creating a government that’s “accountable” to the American people.

“There was nothing ‘free’ about free college,” said Gonzales, when discussing Biden’s executive order forgiving student-loan debt — a measure that was recently struck down by a federal judge…. (Excerpt from Newsmax)

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