Economic Crisis--Rising Inflation

Floor Speech

BREAK IN TRANSCRIPT

Mr. ROSE. Mr. Speaker, our Thanksgiving celebration for this year is in the rearview mirror, but the rising inflation that drove dinner costs higher this year is sticking around for Christmas and will continue to crush household budgets into the new year.

From the grocery store to the gas pump, Americans across the board are paying more for just about everything. No matter where you may fall on the income spectrum, none of us can escape paying more for less. However, lower income households and the elderly who are on fixed incomes will be hit hardest by the pain that inflation always inflicts.

What is driving the skyrocketing inflation? Wasteful and increased Federal spending that encourages workers to remain on the sidelines, supply chain shortages, and transportation disruptions are to blame.

Americans are not stupid. That is why a majority say that President Biden's multitrillion-dollar socialist tax-and-spend scheme will only make bad inflation worse, not better.

BREAK IN TRANSCRIPT

Source