Mr. President, my colleague from Texas was just talking about how taxes go up and spending seems to increase. This week, we have had before us a bill that was going to be about 30 billion and then 52 billion and then 72 billion. Now it comes out, and it is almost $300 billion. This is a piece of legislation that has had a variety of different names, and I have found it so interesting that it has had so many different names. Let's see. It has been called CHIPS, CHIPS+, CHIPS and Science, USICA, Endless Frontier, and ``China COMPETES.'' You know, it seems as if there was a name that was given whenever there was an occasion that you thought you could rename something and make it fit, and I know DC is just famous for having these bills with the acronyms and the fancy-sounding names. But when I talk to Tennesseans, it is so apparent they are tired of that. What they want are the facts. They want someone who is going to tell them the truth. What they know is that China is an adversary; they are not a competitor. They know that we have to work diligently to stay competitive with China and not let them get the upper hand. But when we talk about these issues, sometimes we lose sight of that big picture. I do feel that as we talked about the CHIPS bill and semiconductor supply chains, this is something we lost sight of.…
On the recordJuly 27, 2022
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