Political Quotes

“Mr. Speaker, I rise in opposition to this reckless spending bill. On Monday, the Congressional Budget Office announced the Federal deficit has already exceeded $1 trillion in the first 5 months of fiscal year 2021. Spending this year is already up 25 percent, and this massive spending bill adds another $1.9 trillion to our deficit. We are currently enjoying low interest rates, but out-of-control spending will lead to inflation. In this current year, inflation has already increased by 3 percent. Inflation leads to interest rate hikes. For example, in the 1980s, the Federal Reserve raised interest rates by 20 percent. The debt is already at $28 trillion. So higher interest rates will cause a catastrophic death spiral. This bill does not rescue our country. It literally puts us in peril.”