Rising Inflation

Floor Speech

BREAK IN TRANSCRIPT

Mr. JOYCE of Pennsylvania. Mr. Speaker, this morning, we received data that highlights once again the failure of the Biden administration to provide for our economy and to provide for the economic well-being of America.

At home in Pennsylvania, I have heard stories of parents unable to afford back-to-school clothes and supplies for their children and patients unable to afford the gas to put in their cars to drive to doctors' appointments.

These problems are fruits from the same poisonous tree. Reckless government spending has sent prices skyrocketing across our economy. Instead of addressing this cost, liberals continue to double down by passing their so-called Inflation Reduction Act while the Congressional Budget Office now reports that this act will increase our deficit through 2026.

The fact is simple. President Biden has proven that he is unable to stop the runaway inflation that has raised the cost of housing, raised the cost of groceries, and continues to affect energy sources throughout America. The answer to this crisis will not be found in more government handouts.

Now more than ever, we need to stop the inflation that is crippling our economy and hurting Pennsylvania and all American families.

BREAK IN TRANSCRIPT

Source