John Rice Carter: “I thank the gentleman for yielding, and I thank him for hosting this because this is extremely important. I hope people…”

“I thank the gentleman for yielding, and I thank him for hosting this because this is extremely important. I hope people are paying attention to this. As I say, what we are doing right now is intergenerational theft--$31 trillion in debt. That is intergenerational theft. In fact, Madam Speaker, by the time I am done speaking tonight just my part, the Federal debt will have grown by more than $13,000. That is right. I suspect I will take about 3 minutes, maybe 4, but during that time, the Federal debt will have grown by $13,000. We learned last week that August's annual inflation rate was a staggering 8.3 percent. By ``we,'' of course, I mean everyone except Joe Biden, who boasted on 60 Minutes last night that inflation has not spiked. If the worst inflation numbers in 40 years isn't a spike, I don't know what is. Unfortunately for Mr. Biden, the numbers don't lie. That 8.3 percent inflation is costing families well over $4,000 this year alone, essentially wiping out one month's paycheck. I don't know a single family that can afford that kind of sacrifice. Worse, real wages have fallen every single month since President Biden's $1.9 trillion stimulus passed last year. But it is not just today's taxpayers that will feel these impacts. Generations from now, people will still be feeling the sting of Biden's inflation crisis. Over the next decade, decisions made in Biden's first 2 years will add $4.8 trillion to our Federal deficit--$4.8 trillion.…”