Political Quotes

“For a couple of points. Mr. Speaker, my friend is concerned about the Social Security Act. We have a bill on that, a bill very similar to what President Biden himself voted for when he was in the United States Senate, both the creation of a commission and its final results. I invite my friend to look at it. Perhaps he would join it, and it would be inherently bipartisan. My friend made the point that inflation is a global phenomenon. I agree. It absolutely is. Mr. Speaker, if you screw up the greatest economy in the world, then it has global consequences. That is exactly what my friends did. Don't take my word for it. They were warned by Larry Summers, the Secretary of the Treasury for Bill Clinton, a distinguished economist. They were warned by Steve Rattner, who managed the auto industry under President Obama. They were warned by Jason Furman, who was the Chairman of the Council of Economic Advisers to President Biden. If my friends pass something as large as the American Rescue Plan, then we are going to have inflation within a year. We did. If my friends would listen to their own economists, then we could have avoided this, and we might not have had to take the drastic action we are today. Mr. Speaker, I yield 4 minutes to the distinguished gentleman from Wisconsin (Mr. Van Orden). {time} 1245”