Effects of Inflation

Floor Speech

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Mr. JOYCE of Pennsylvania. Madam Speaker, following months of disappointing jobs reports, rising inflation, and irresponsible messaging on how to combat the COVID-19 virus, the American people know that Democrat policies are to blame for the rising inflation that our Nation is facing.

Today, Americans are making less money than they were 1 year ago. With annualized real wages down nearly 4 percent, it is families, not politicians that are feeling the effects of President Biden's failed economic policies. Inflation, very simply, is taxation, and it has increased every month since President Biden has taken office.

While Democrats in Congress mocked concerns about rising inflation, we saw the effects that this crisis is having at the gas station and at the grocery store. Now, as experts warn that the effects of inflation may last longer than anticipated, President Biden has suggested flooding our economy with even more wasteful spending. Urging $100 bribes for individuals to get vaccinated and spending billions of dollars for social programs will not fix our broken economy.

The American people know that this is a failure, and they know that Democrat policy is to blame.

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