[Congressional Record Volume 167, Number 83 (Thursday, May 13, 2021)]
[House]
[Page H2274]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      PRESIDENT BIDEN'S INFLATION

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. WILSON of South Carolina. Mr. Speaker, Tuesday was a media alarm. 
The biased Washington Post reported accidentally in The State newspaper 
that ``Joe Biden's free spending could ignite inflation that would 
outstrip wage gains.'' The President's $6 trillion spending spree of 
borrowing and taxing will burden the youth of America with debt and 
threaten the savings of older Americans with a worthless dollar.
  Already, The Post and Courier of Charleston reprinted how lumber 
costs in the average house have skyrocketed $36,000 this year, 
undermining homeownership. The Wall Street Journal revealed used cars 
have hit a record of over $25,000 which denies many the ability to 
purchase a car.
  The New York Stock Exchange suffered a staggering loss of nearly 500 
points as inflation was clearly being pushed by the outrageous spending 
schemes of President Biden destroying jobs.
  I appreciate the courageous leaders, like Ambassador Nikki Haley, who 
are standing up for America. She has sent me a symbol of the 
consequence of borrowing and taxing which we see in Venezuela: the 100 
Bolivar note which is now worth less than a dime.
  In conclusion, God bless our troops, and we will never forget 
September the 11th in the global war on terrorism.

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