On the recordJune 21, 2022
I thank Mr. Hern of Oklahoma and the Republican Study Committee's Budget Task Force for their diligent work in putting together this year's Republican Study Committee budget. Thank God we have a budget. This important document lays out a road map to restore fiscal sanity in America. We are in a dire fiscal state. We here in Congress know it, and the American people, more importantly, know it as well. President Biden and Speaker Pelosi's reckless spending has led to 40-year high inflation, proving once again that we simply cannot spend our way to prosperity. Our national debt has grown by $7 trillion since the COVID pandemic began. Today, it totals more than $30 trillion. I have a wonderful constituent who puts the debt amount on his building every single day on a main thoroughfare, a guy named Frank Suits, who is a great American. He puts it out there just so the people know how much we are spending and how this isn't making us prosperous, especially in New York. This is larger than our gross domestic product. In the face of this sobering reality, what does President Biden propose? Spending even more. His proposed budget increases spending by over 66 percent over 10 years and calls for $73 trillion--with a t--in new spending. Under President Biden's plan, the United States will reach the highest sustained spending limit in our Nation's history. This is not how we jump-start an economy, control runaway inflation, and deliver for the American people.…





