[Congressional Record Volume 167, Number 134 (Friday, July 30, 2021)]
[House]
[Page H4301]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          EFFECTS OF INFLATION

  (Mr. JOYCE of Pennsylvania asked and was given permission to address 
the House for 1 minute.)
  Mr. JOYCE of Pennsylvania. Madam Speaker, following months of 
disappointing jobs reports, rising inflation, and irresponsible 
messaging on how to combat the COVID-19 virus, the American people know 
that Democrat policies are to blame for the rising inflation that our 
Nation is facing.
  Today, Americans are making less money than they were 1 year ago. 
With annualized real wages down nearly 4 percent, it is families, not 
politicians that are feeling the effects of President Biden's failed 
economic policies. Inflation, very simply, is taxation, and it has 
increased every month since President Biden has taken office.
  While Democrats in Congress mocked concerns about rising inflation, 
we saw the effects that this crisis is having at the gas station and at 
the grocery store. Now, as experts warn that the effects of inflation 
may last longer than anticipated, President Biden has suggested 
flooding our economy with even more wasteful spending. Urging $100 
bribes for individuals to get vaccinated and spending billions of 
dollars for social programs will not fix our broken economy.
  The American people know that this is a failure, and they know that 
Democrat policy is to blame.

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