Putin is Destabilizing the World Economy and Order

Floor Speech

BREAK IN TRANSCRIPT

Ms. HOULAHAN. Mr. Speaker, last week, I held an in-person townhall to hear how inflation impacts our community. Too many Pennsylvanians are making tough choices to put food on the table, gas in their tanks, and other budgetary choices.

Today, I rise to discuss why confronting Putin abroad helps address inflation issues here at home.

It is no secret that we live in a global market. We became acutely aware of that fact during the pandemic. Ukraine and Russia provide us, and the world, grain, oil, gas, and even things like fertilizer.

When we are at war in these areas or people are at war in these areas, this impacts our economy colossally. We are again seeing how connected we are, this time not from a global disease but, rather, from a diseased man.

Vladimir Putin is infected, and he is inflicting untold horrors on the people of Ukraine and simultaneously destabilizing our world economy and order.

To fully address these rising costs and inflation in part caused by this Russian war, our top priority has to be bringing a just, durable, and lasting peace to this conflict in Ukraine.

The longer the war rages on, the longer it will take for our economy to recover. That is why we must impose strong sanctions against Russia, coordinated with our allies; we must expedite weaponry to Ukraine; and we must return to prepandemic domestic oil production levels to meet our domestic needs and to help bring down global market costs.

For the people of the Sixth Congressional District of Pennsylvania, I promise to keep doing everything in my power to make sure we can alleviate pressures that are felt at home from abroad.

BREAK IN TRANSCRIPT

Source