Economic Crisis

Floor Speech

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Mr. CLINE. Mr. Speaker, time and again I come to the House floor to highlight the out-of-control spending schemes of the House majority. But sadly, this falls on deaf ears as they continue their efforts to push leftist government-dependency bills through this Chamber.

When will the majority leader realize that there is a real-world impact to their fiscal irresponsibility?

Just this past quarter, the U.S. Gross Domestic Product slowed to a disappointing 2 percent, and real disposable income decreased 5.6 percent, that is after already having decreased 30.2 percent in the second quarter.

On top of all this, inflation has increased every month since Joe Biden was sworn in and prices are at a 13-year high. Gas alone is now averaging $3.39 a gallon--a 7-year high. With prices rising across the board, the average family is spending $175 dollars more a month on food, fuel, and housing in Biden's America. That is more than $2,000 a year.

Job growth has slowed dramatically, and the September jobs report fell 300,000 jobs short of what economists are predicting. This is in addition to massive shortages that have wrought havoc on our supply chain and left a record number of container ships waiting to enter our ports.

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