[Congressional Record Volume 167, Number 193 (Wednesday, November 3, 2021)]
[House]
[Pages H6132-H6133]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1230
                         SKYROCKETING INFLATION

  (Mr. BILIRAKIS asked and was given permission to address the House 
for 1

[[Page H6133]]

minute and to revise and extend his remarks.)
  Mr. BILIRAKIS. Madam Speaker, this Thanksgiving is expected to be the 
most expensive in history due to skyrocketing inflation. Americans are 
also being warned that their Christmas presents will cost more and 
might not arrive on time due to the supply chain disruptions. I hope 
that doesn't happen.
  President Biden's and House Democrats' out-of-control spending 
policies are to blame for both the economic and supply chain woes. To 
make matters worse, they are now pushing a made-in-America tax, which 
will only drive businesses and jobs overseas and further devastate our 
troubled economy.
  There are plenty of signs that our economy is significantly 
struggling, unfortunately. Most recently, the GDP growth decelerated to 
2 percent in the third quarter. This is the slowest growth rate since 
the start of the pandemic-era recovery. Real disposable personal income 
also decreased another 5.6 percent in the third quarter after 
decreasing a staggering 30.2 percent in the second quarter.
  We must reverse course and abandon these irresponsible policies 
rather than continuing to compound the economic pain.

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