On the recordJune 16, 2021
1 year ago, the average cost of gas in America was $2.17 a gallon. Today, it is $3.07 per gallon, a 41 percent increase. But it isn't just gas prices. Costs for many goods and services Americans rely on are quickly rising. The Consumer Price Index, which tracks the cost of things, like food and energy, jumped 5 percent in May compared to 1 year ago. This inflation is the ultimate cost of President Biden's $2 trillion Big Government spending spree back in January, Mr. Speaker. The Federal Government is printing money at a breakneck pace, decreasing the purchasing power of our dollars. Meanwhile, businesses can't get folks to come back to work, thanks to President Biden's generous unemployment benefits. And lately in east Tennessee, I have heard stories from small business owners who can't find enough workers to keep up with their demand. They need to tell the folks at Wright's Cafeteria, where my good friend David Wright owns his restaurant that was his mama's and daddy's, they can't get folks to come back to work. He is still too behind in the kitchen. He hasn't been open for months. Another friend of mine, Mike Chase, owns Calhoun's, which is a world- famous restaurant chain in the area. And, actually, in Gatlinburg, Tennessee, they have had to close down in a tourist section of our community that is heavily populated during the day by well-heeled tourists wanting to spend their money, yet he had to close down because he can't get people to work.…





