Congressman John Rose took to the House floor to deliver a speech on inflation caused by the Biden Administration.
The full speech, as prepared for delivery, is below:
Mister Speaker, today I rise in support of every American being negatively affected by inflation caused by President Biden and Congressional Democrats’ reckless spending policies over the last year.
Inflation isn’t something that happens overnight. It occurs as a direct result of the bills passed right here in this body and the president’s executive actions. Since President Biden stepped foot in the Oval Office and Democrats gained control of both branches of Congress, their actions have directly resulted in the highest inflation levels over the last 30 years.
I recall when President Biden and Congressional Democrats’ first legislative priority was a 1.9 trillion dollar bill disguised as Covid relief, but in reality, only 9 percent of funds went directly to combatting the Covid-19 pandemic. Instead, it was a progressive wish list of socialist ideas designed to transform American society from one of capitalism to socialism. Even the White House called it the most progressive piece of legislation in the history of the United States.
After that, Democrats wasted the entire legislative year using the budget reconciliation process to bypass the Senate filibuster and to pass their so-called infrastructure bill, which was another piece of legislation costing more than one trillion dollars, that builds much more debt than it builds bridges or roads. When the bill passed the House, inflation was already on the rise, and gas prices had increased 50% over the prior year. Instead of addressing these issues before they got out of hand, Democrats have used their political capital in an attempt to reshape the very fabric of our society and take another giant leap towards the United States becoming a socialist country. As a consequence, the cost of everything has continued to rise while inflation rages with reckless abandon and no end in sight.
Unfortunately, the madness did not end there. Despite already passing two bills with price tags of over a trillion dollars, President Biden and Congressional Democrats saved the worst of all for last—their “Build Back Broke” bill that was thankfully defeated in the Senate. To the staggering tune of almost 5 trillion dollars in new spending assuming all new spending proposals in the legislation were made permanent, Congressional Democrats and President Biden went on record for wanting America to go broke and once again would have added even more to an already skyrocketing inflation crisis.
In just one year, House Democrats passed legislation equating to almost 10 trillion dollars—which unbelievably amounts to a full one-third of the current U.S. national debt. They acted like kids in a candy store with their parents’ credit card. But in reality, their actions are even worse than that, because in this case, they are actually using their children’s and grandchildren’s credit card, and even though they have more than maxed out the credit card, new purchases are never declined.
Economists warned of an impending recession as we got closer to reaching the debt limit. America’s fiscal house was flooding, and Democrats chose to raise the roof rather than stop the flooding. On a party-line vote, Democrats voted to impose the largest nominal increase of the budget cap in the history of our country, and in doing so, once again denied all reality that their out-of-control spending would directly result in inflation, the steep and cruel tax levied on all Americans.
You would think that after passing so many spending bills in the trillions of dollars, they would be able to pass a standard government funding bill, but you would be wrong. Congressional Democrats and President Biden have not achieved this once; in fact, we are already almost halfway through the fiscal year and are still operating under President Trump’s appropriation guidelines. That is until the House votes on the Democratic appropriations bill tomorrow, which we have yet to read and will likely cost taxpayers another trillion or so dollars.
Trillions of dollars spent, and what do we have to show for it? Higher prices on everything, real wages declining, and an economy dependent on government expenditures. We're getting exactly what President Biden and Congressional Democrats want: Socialism. These are not the ideals in which America was founded. Every step they take diminishes capitalism, the engine of our economy and the engine of our standard of living. And it also diminishes freedom, the engine of our national soul. But regrettably, that is President Biden's America. Democrats will stop at nothing to satisfy their far-left base.
You can watch the speech here.
Original source can be found here.
