[Congressional Record Volume 167, Number 188 (Tuesday, October 26, 2021)]
[House]
[Pages H5881-H5882]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
INFLATION CRISIS
The SPEAKER pro tempore. The Chair recognizes the gentleman from
Pennsylvania (Mr. Meuser) for 5 minutes.
Mr. MEUSER. Madam Speaker, I was in a grocery store on Sunday and
nearly a dozen of my constituents stopped me and were very upset about
product shortages and price increases.
According to the data, eggs are up 12 percent, bacon is up 20
percent, chicken is up 8 percent, gasoline is up 40 to 50 percent,
hamburger and beef are running short. I can assure you, Madam Speaker,
while these data points paint a picture, price increases are just
simply much higher, and my constituents are feeling the effects in
their family budgets.
An older gentleman with a half-full shopping cart that rang up for
$111 glanced up at me and said: This is ridiculous. There are people
filling their gas tanks now--before it was $50, now it is $80, $90,
$100 to fill up a pickup truck because, Madam Speaker, the President
and Members of this House--in fact, the leadership of this House--has
decided to attack domestic energy production, which is clearly driving
prices up through the roof.
With winter around the corner, it will cost 30 percent more to heat
an average person's home. Yet, the Democrats are trying to implement a
home heating tax--that is a wonderful idea--in the so-called Build Back
Better bill that will drive energy bills even higher.
Madam Speaker, how is this helpful? How is it helpful to raise costs
to tax our domestic energy while making it more competitive for Russia
and Saudi Arabia and all the other places in the world to sell us their
energy, so-called cheaper, when meanwhile a barrel of oil is over $80 a
barrel. It makes no sense.
And the thing is this, the American people get this. The American
people know it. They are paying the price for it. Members here will pay
the price at the polls because this bill called Build Back Better is a
disaster, Madam Speaker.
This is seventh grade economics. There is too much demand created by
Big Government policies and not enough supply, not enough workers
because we are providing far too much incentive for them not to work.
Why would they, if they are making more not working? We are not doing
anything to help our U.S. productivity to fulfill the demand that is
being created by these Big Government policies.
All the while, foreign imports are pouring in and creating a
bottleneck at our ports that we all see because we don't have the
capacity, number one, to build in the USA to fulfill the demand; but
number two, to unload the cargo ships and distribute the goods and then
put them in trucks and ship them around the country.
So even the Treasury Secretary is warning Americans that inflation
will be here throughout the next year, even though the President and
others have said: Oh, no, this is just a passing problem. Nobody has to
worry about it.
So what is the plan moving forward for the majority in this House,
for the Democrats? They want to prime the demand side of the equation
with a multi-trillion dollar spending bill
[[Page H5882]]
known as Build Back Better, and we are hearing all these wonderful
things about it.
Well, the problem is that all those wonderful things cost far too
much and are completely unaffordable and aren't being paid for by the
Members of this House; they are being paid for by my constituents who
are going to be worse off because of it, and they also know that.
And not to mention, Madam Speaker, what about all the fraud? We don't
hear much about that. Did you realize there was $87 billion in fraud
due to the unemployment compensation that was just sprawled out to
whoever asked with absolutely no work requirements at all, and none
exist in this bill either.
We will be building back--not better--we will be building back in a
manner that will be hurtful to my constituents and to my State and to
our country.
Madam Speaker, the holidays are around the corner. Demand always
increases in the holidays. So the situation is going to get further
exacerbated, without a doubt. You don't need an economist to know that
demand is going to continue to go up, supply will be minimal, inflation
will rise due to the Build Back Better, which means there will be less
workers. This is going to be the most expensive Christmas anyone can
remember.
____________________