Mr. President, every day, I hear from my constituents, the people I represent in Texas--some of the 30 million people I have the honor of representing--and they ask me why they aren't seeing more solutions offered by the U.S. Congress to the problems that they confront in their everyday lives. Family budgets are being clobbered by inflation. People are spending significantly more money just to get by on housing, groceries, utilities, and other basic expenses. Inflation has remained at 5 percent or higher for each of the last 22 months. Of course, we have seen it soar to the highest level in 40 years, but it consistently outpaces wage growth, giving the average worker a pay cut, and folks-- too many of them--feel like they just can't catch a break. As if that weren't a big enough financial headache, some are now questioning the stability of the U.S. banking system. In the last 2 weeks, two U.S. banks--big banks--have collapsed, and a group of major banks has now launched a rescue mission to save another from meeting the same fate. Texans are wondering: Are these isolated events or a sign of worse things to come? The memories of the 2008 financial crisis are fresh in many people's minds, and they are terrified that we will soon find ourselves in familiar territory. But families aren't just stressing about their finances; they are also worried about their safety. The surge in violent crime that began in 2020 hasn't let up. In many places, it is getting worse.…
On the recordMarch 23, 2023
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