I thank Congressman Johnson for this opportunity. Madam Speaker, we are here to talk to the American people about ideas that roam across our Nation. They are conversations that take place around every table, and next week at Thanksgiving we will have those conversations at my table and others around the country. Madam Speaker, you just heard a good discussion about inflation. But part of inflation comes from government spending, and part of government spending comes from policy that this President and this administration's Democratic Party supports. Madam Speaker, 1.6 million people have come to our borders and come across, and we are doing things that will encourage them to come here. We are doing things that will encourage them when we give them free education, free healthcare and to pay for them to do those things. {time} 1745 So, Madam Speaker, tonight we want to speak specifically about this thing that is called inflation. Inflation is related to Federal monetary and fiscal policy. Inflation is that thing that occurs in the economy when the price of goods and services rise and rise exponentially. Normally, an administration would look at about a 2 percent growth, a 2 percent inflation rate, which would be, generally speaking, an acceptable growth for a GDP model as well as inflation rate.…
On the recordNovember 17, 2021
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