The multitrillion budget "spending spree" being drafted by Democrats will increase the levels of inflation, New Mexico Rep. Yvette Herrell argues in a Carlsbad Current Argus opinion piece.
"The $3.5 trillion Democrat budget bill includes new taxes and fees designed to drive New Mexico's energy producers out of the state, taking good paying jobs with them," Herrell wrote in a tweet.
As it stands, the budget would "nickel and dime the oil and gas industry, our districts' largest job creator, off of federal lands and out of most of New Mexico," Herrell said in the piece, and by the year 2050, the global natural gas demand is projected to increase by a whopping 40%. And New Mexico is fully equipped to help meet that need, she argued.
Herrell claimed that her colleagues would prefer to send jobs overseas and that Democrats "seem to prefer that Russia, China, and OPEC control the global energy market," which harms the U.S. in job creation and the economy by keeping jobs and money here in the states, she said. Herrell compared the situation when, during the Trump Administration, U.S. was importing much less energy than what it was exporting for the first time in over 50 years.
