Time to Cut Spending

Floor Speech

BREAK IN TRANSCRIPT

Mr. JOYCE of Pennsylvania. Mr. Speaker, yesterday, our national debt eclipsed $33.8 trillion. This means that we have now crossed a dangerous new threshold of over $100,000 of debt for every man, woman, and child in the United States.

This rampant and wasteful spending has only been made worse by President Biden's reckless budgets that have led to soaring inflation and more pain for Pennsylvanians.

From canceling student loans to handing out cash reimbursements for electric vehicles, Joe Biden has shown that he is more worried about appeasing his far-left base than our financial well-being.

In the past year, the average family was forced to pay an additional $11,000 to cover the cost of just everyday goods.

It is time to cut spending and stop borrowing from China to pay for reckless liberal policies.

The trillions of dollars that we pay in interest on this debt does nothing to keep our Nation safe. It does nothing to fund Medicare. It does nothing to secure our open southern border.

It is time to pass a Federal budget that addresses our debt and puts an end to the mismanagement of our finances brought on by President Biden's Green New Deal initiatives. Biden Administration Imposes Burdensome Regulations

BREAK IN TRANSCRIPT

Mr. JOYCE of Pennsylvania. Mr. Speaker, far too often, we have seen the Biden administration impose onto American energy producers burdensome regulations that only serve to drive up costs and limit production.

Instead of turning to power sources like natural gas, oil, or propane, President Biden has focused his attention on using taxpayer dollars to subsidize inadequate and unreliable projects like windmills and solar farms.

In places without gas pipelines, which have been difficult to build due to the President's own actions, power alternatives like propane can be a vital tool in order to keep refrigerators cold and our homes warm.

We have heard from experts who have testified to the dangers of potential rolling blackouts this winter as our grid struggles to meet demand without the aid of coal-fired plants that have been a cornerstone of our energy production literally for decades. As we look to confront these potential blackouts, it is critical that we utilize energy resources that are so abundant in Pennsylvania.

We cannot afford to waste any more time investing in Green New Deal initiatives. It is time to return to our baseload power and ensure that our families are protected from energy blackouts.

BREAK IN TRANSCRIPT

Source