[Congressional Record Volume 167, Number 170 (Wednesday, September 29, 2021)]
[House]
[Page H5516]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




            PLUNGING OUR NATION FURTHER INTO CRIPPLING DEBT

  (Mr. MURPHY of North Carolina asked and was given permission to 
address the House for 1 minute.)
  Mr. MURPHY of North Carolina. Madam Speaker, for the last 9 months, 
Washington Democrats have been steamrolling Congress and the American 
people with a series of socialist, Big Government takeovers. With such 
fragile control of the White House, Senate, and House, Democrats have 
authorized trillions in unchecked spending, plunging our Nation into 
further crippling debt.
  The American people are suffering the economic consequences of 
Biden's unhinged spending in the form of staggering inflation and 
decreased purchasing power, which I fear could lead us to double-digit 
inflation by the end of this year.
  I refuse to stand by as House Democrats attempt to bankrupt our 
children and grandchildren. To correct this behavior and increase 
financial transparency, I have introduced the INFORM Act, the companion 
bill to Senator Mike Braun from Indiana.
  The INFORM Act brings much-needed accountability to government 
spending by requiring two new government-wide reporting standards on 
the national debt and deficits and studies net fiscal burdens on 
different populations.
  With the debt growing bigger every day and Democrats showing no sign 
of restraint in their plans to try to bankrupt America, my bill is an 
essential part of ensuring that we create a responsible financial 
future for generations to come.

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