Madam Speaker, I rise today to discuss the President's complete and utter failure to lead our country effectively over the last 9 months. Despite the optimistic vision he portrayed in his inaugural address, President Biden has created crisis after crisis--from our economy and energy independence to national and border security. Back in February my Republican colleagues and I warned Democrats' reckless spending would have a devastating inflationary effect. In fact, many experts at the time, including former President Obama's top economist, warned spending trillions more would devalue our dollar and cause prices of goods and services to increase. Sure enough, just one month later, we learned that the Consumer Price Index had its highest monthly jump in nearly 10 years. The Producer Price Index has also skyrocketed by 8.3 percent, which is also a record. While the Biden administration continues turning a blind eye to inflation, top economists are warning inflation is here to stay for years to come, and it will only get worse if the Democrats pass over $5 trillion in additional spending. This is a hidden tax hike on every American family, on top of their historic tax increases that are part of the $4.2 trillion tax-and- spending spree that we will be discussing over the next several days. This is completely reckless for our businesses, our farmers, and our families.…
On the recordSeptember 30, 2021
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