On the recordJune 23, 2022
Mr. Speaker, I rise today to celebrate President Biden's massive accomplishment of slashing the Federal deficit by more than any other President in the first 16 months. Mr. Speaker, this is huge. But even better news: Biden is on track to double down on building a better America for generations to come. This year's deficit is on track to fall by $1.7 trillion which is the single largest 1-year reduction in American history. I repeat: This is the single largest reduction in American history. In contrast, the Trump administration increased the Federal budget deficit. Every single year in office, it went up. I can't say I am surprised, however. This accomplishment of the President is not coincidence. It is the result of a well-designed and well-managed recovery plan from the pandemic. It is a result of President Biden and Congress passing key legislation like the historical American Rescue Plan which got people back to work, kids back in school, and families healthy again. It is the result of a President who puts people first--not politics, people. But on another note, it is no secret that the recent price hikes that have been caused by the war criminal Putin are burdening hardworking families. In fact, Putin's price hike has increased gas prices by $2 a gallon in many places since Russian troops began to threaten Ukraine, and families are seeing higher prices in the grocery aisles, too.…





