On the recordApril 10, 2024
I will bring up another anecdote. When you hear voices like President Obama's economic adviser, Larry Summers, talk about the fact that there is one equation when you enact that much government spending like what happened in President Biden's first 2 years, there is only one outcome when you enact that much spending with no offsets. The American Rescue Plan, Inflation Reduction Act, like you mentioned, that type of relief spending is unnecessary and immediately creates inflation. That is what we have experienced. House Republicans oftentimes don't get the credit that we deserve for taking back the majority and putting an end to all of that additional spending that was enacted so quickly as soon as the Democrats had the White House, House, and Senate. They do those bills under reconciliation, they don't require the filibuster anymore, and they passed over $3 trillion that way on party-line vote. Just by taking back the majority, we have the opportunity to completely eliminate that and also work to find other areas of waste and push that as much as possible. Mr. Speaker, I thank Mr. Harris for that message. Sometimes the details and data are inconvenient when you are trying to push a narrative about an economy, but it is good to make sure to highlight that. Mr. Speaker, I yield to the gentleman from New York (Mr. Langworthy), a good colleague and friend.
