Treasury Secretary Scott Bessent recently made headlines for shutting down Rep. Maxine Waters (D-CA) during a House Financial Services Committee hearing. Waters had attempted to blame the Trump administration for the worsening housing inflation, but Bessent quickly corrected her, stating that it was actually the result of mass, unfettered immigration under the Biden administration.
During the hearing, Waters claimed that the housing crisis had only gotten worse under the Trump administration, citing rising housing costs and shortages. However, Bessent pointed out that these issues had actually been exacerbated by the current administration’s immigration policies.
Bessent’s statement is supported by data from the US Department of Housing and Urban Development, which shows that housing costs have indeed risen significantly in recent years. This rise can be attributed to the influx of immigrants, both legal and illegal, into the country.
The housing crisis has been a major concern for many Americans, especially those living in high-demand areas where housing costs have skyrocketed. This has made it increasingly difficult for families to find affordable housing, leading to overcrowding, homelessness, and other related issues.
One of the main drivers of this crisis is the Biden administration’s open border policies, which have resulted in a surge of immigrants crossing into the country. This has put a strain on housing resources, as well as other essential services such as education and healthcare.
Bessent’s remarks have shed light on the real cause of the housing crisis, which has been largely ignored by the mainstream media. It is clear that the current administration’s policies have only worsened the situation, rather than providing solutions.
Furthermore, Bessent’s statement also highlights the need for stricter immigration policies to prevent further strain on the already struggling housing market. It is crucial for the government to address this issue and take necessary measures to control immigration and protect the interests of American citizens.
The Trump administration had implemented various measures to regulate immigration and protect the country’s resources, including the construction of a border wall and stricter enforcement of immigration laws. However, these efforts have been reversed by the Biden administration, resulting in the current crisis.
Bessent’s bold statement has not only exposed the truth behind the housing crisis, but it has also sparked a much-needed conversation about the impact of immigration on the country’s resources. It is time for the government to prioritize the needs of its citizens and take responsible measures to address the housing crisis.
In conclusion, Treasury Secretary Scott Bessent’s statement during the House Financial Services Committee hearing has shed light on the root cause of the housing crisis. It is clear that mass, unfettered immigration under the Biden administration has exacerbated the issue, and it is crucial for the government to take necessary actions to address this pressing concern. The American people deserve affordable housing and a government that prioritizes their needs. It is time for real solutions to be implemented to alleviate the burden on the housing market and protect the interests of American citizens.