On the recordMarch 15, 2022
Mr. President, Friday marked the first anniversary of the so-called American Rescue Plan, which is the Democrats' partisan $1.9 trillion spending spree. Fittingly, the anniversary arrived just 1 day after the release of February's inflation numbers which marked the worst inflation since January of 1982. Why do I say ``fittingly''? Well, because the anniversary of the American Rescue Plan is basically the anniversary of our inflation crisis. While it is true that supply chain issues and the reopening of economies after COVID shutdowns created certain inflationary pressures, a big part of the reason for our current inflation crisis is Democrats' decision to pass the American Rescue Plan last March. The definition of inflation is too many dollars chasing too few goods and services, and that is exactly the situation Democrats helped create with their so-called American Rescue Plan. Democrats came into office mere weeks after Congress had passed a fifth--fifth--bipartisan COVID relief bill totaling almost $1 trillion and meeting, essentially, all current pressing COVID needs. Our economy was well on its way to a healthy recovery, and the majority of States had the money they needed to deal with the pandemic. In short, it was abundantly clear that we were not in immediate need of trillions more in government spending. But that didn't stop Democrats.…





