Biden Economic Crisis

Floor Speech

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Mr. BILIRAKIS. Mr. Speaker, I rise to discuss the economic crisis that is pummeling Florida's families. This week's financial report showed that inflation continues to hammer Americans, growing by 8.3 percent over April of 2021.

When coupled with workforce shortages and supply chain disruptions, the result has been catastrophic for small businesses--every sector of our economy is impacted. I am also gravely concerned that we are spiraling toward a recession, and yet, many of my colleagues seem to think the only answer is to spend more.

Let me be clear, Mr. Speaker, we cannot spend our way out of this crisis. We must stop the reckless spending that is fueling this problem and make tough choices about our priorities, just as each and every one of our constituents are being forced to do.

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