Issues of the Day
Floor Speech
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Mr. LANGWORTHY. Mr. Speaker, I thank the gentleman from New Jersey for yielding the time.
This month the United States national debt hit a record $34 trillion. In fiscal year 2023 alone, the United States owed $659 billion in interest on this debt, and you can expect that number to be much higher this year.
These numbers should alarm every American and make it clear that Bidenomics is not working, but the American people already know this. The White House repeatedly has lied, publicly praising themselves for a healthy economy and taking credit for meager postpandemic numbers.
The American people aren't buying this false narrative. Hardworking Americans are still struggling to pay their bills and balance their family budgets while the President and the Democrats in Washington continue the reckless spending.
According to a recent Axios poll, 72 percent of Americans say their grocery purchases are the top way they feel inflation in their lives, closely followed by gas prices at 56 percent.
They also found that two-thirds of Americans are worried that food prices will continue to climb. I will remind President Biden and my colleagues on the other side of the aisle that when you pass bloated spending packages that include Green New Deal funding or money to build a new park named for Nancy Pelosi or funding for gender programs in Pakistan, this isn't monopoly money that you are playing with. You are spending the hard-earned tax dollars of people who wake up every day, who go to work so that they can provide for their families. Our children, our grandchildren, and our great-grandchildren will still be paying for this debt long after all of us are gone from this legislative body.
This kind of spending must end. We must reverse course now to secure our Nation's financial future and that is why House Republicans have been focused on cutting Federal spending. That is why we work to avoid a trillion-dollar Christmas omnibus and that is why we are going to keep fighting to put this country back on the right track.
Mr. KEAN of New Jersey.
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