[Congressional Record Volume 167, Number 199 (Tuesday, November 16, 2021)]
[House]
[Pages H6311-H6313]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
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MOST EXPENSIVE THANKSGIVING IN HISTORY
The SPEAKER pro tempore. Under the Speaker's announced policy of
January 4, 2021, the Chair recognizes the gentleman from Utah (Mr.
Owens) for 30 minutes.
Mr. OWENS. Madam Speaker, I am proud to be here today with the Utah
House delegation to say a few words ahead of the Thanksgiving season to
those we are so fortunate to represent here in Washington. We all agree
that it is a blessing, as a team, to represent the great State of Utah.
Madam Speaker, I yield to the gentleman from Utah (Mr. Stewart), my
friend from Utah's Second District.
Mr. STEWART. Madam Speaker, I thank Mr. Owens, my friend, for
organizing this event and for his interest in something that I think
every American shares.
I have a young family. I have six kids. Many of them are just young
couples. They are starting their careers; they are starting their
families; and they are starting to make their way in the world and
their mark on life.
If you are a young family, you know what it is like to go to the
grocery store and to pay more every week than you paid the week before.
You know what it is like to fill up your pickup and have it cost more
every week than you paid the week before.
The reason you are driving a pickup is because you are a working
American. You are not driving a big pickup around the city. You are
driving a big pickup because that is what you use to work, whether you
work on farming and ranching, like I did when I was young, or whether
you are working construction, or whether you are working and going down
to the docks. Those are the folks who are paying the price.
If you are wealthy, if you are affluent, if you don't go shopping but
have someone who shops for you, if you don't fill up your vehicle
yourself because you have someone who fills up the vehicle for you and
then picks you up, you may not realize what a painful thing this is for
Americans. But the vast majority of Americans do their own shopping.
The vast majority of Americans struggle paycheck to paycheck. The vast
majority of Americans know what a painful experience we find ourselves
in now.
After only 10 months of President Biden, Americans are facing the
worst inflation they have seen in 31 years. Democrats keep saying these
prices are only temporary.
We are told that all the time. We have been told that by the
Secretary of the Treasury. We have been told that by the Chairman of
the Fed. We have been told that by the President. And they continue to
say that.
But the truth is that $4 trillion in spending, when he says it is
zero dollars that it will cost, the American people aren't stupid, and
they know that is not true. They know inflation when they see it.
The consequences of this President's tax and spend agenda hits
Americans, as I have already said, in their everyday lives. It hits
Americans when the price of heating jumps from $574 to $746, which is
what the Energy Information Administration predicts it will cost the
average house this winter.
It is a tough choice when you have some people who say: Hey, we would
like to have it warm. We would like for our little children to be
comfortable. But we want to be able to buy the food that we want for
them, other than just macaroni and cheese.
Some people are left with that decision.
It hits Americans at their Thanksgiving table. As we have said over
and over again, this will be the most expensive Thanksgiving in
American history, when frozen turkeys cost an average of 22 percent
more than they did just last year.
What does the President do to alleviate some of this financial strain
and the pressure that so many American families are feeling?
Unfortunately, he does the same thing again and the same thing more,
the very same policies that put us in the hole.
Here is the reality. There is no political spin for any Democrat.
Americans will not be reassured by empty promises from those who don't
see inflation coming in the first place, and President Biden cannot
wish away this cost-of-living crisis, no matter how much he would like
to do that.
From day one in office, President Biden's mission was clear. He wants
the American people to rely on the government from cradle to grave.
To sell his agenda, he is telling Americans that more taxing, more
spending, and more mandating will solve the financial problems. But
this is just economic nonsense; it is an economic fairy tale; and this
one has a scary ending, the kind that only George Orwell could imagine.
But because it is Thanksgiving, we can be thankful that we know how
to solve these problems. If we didn't know how to solve them, it would
be much more worrying, much more stressful. But the truth is, we know
how to solve them. Congress simply needs to start expanding that
opportunity, not shrinking it with mandate after mandate. Congress
needs to start empowering the people, not expanding bureaucracy with
tax after tax. Individual liberty must always triumph over government
dependence.
If President Biden cannot accept that reality, we can expect more of
what we have seen and felt over the last 10 months. If he can't
understand that people, not the government, are the key to our success,
American culture, American businesses, and American families will reap
the results.
I sincerely hope that he will. I sincerely hope the President will
look at the pain the American people are feeling and will recognize the
responsibility he has not to make it worse, not to keep doing the same
thing and just do it harder and faster, not to do the same thing and
just excuse it away, but to try to do something different. Until then,
I am afraid we will see much of the same.
I think I speak not only for Republicans on this, but many
independents and many Democrats feel the same way. We hear from them
when we go back home as well.
I thank Mr. Owens for organizing this on this incredibly important
subject. It is an honor to be with him.
Mr. OWENS. Madam Speaker, I yield to the gentleman from Utah (Mr.
Curtis), my friend from Utah's Third District.
Mr. CURTIS. Madam Speaker, I rise today to join my voice with my Utah
colleagues, vocalizing our great concern about the runaway inflation
impacting Americans across the country.
I remember the inflation of the 1970s. When I bought my first home,
we assumed a loan at 12 percent interest and thought that that was a
bargain at the time. I remember what it is like to lose 15 percent of
the value of a savings account in just 1 year.
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I saw firsthand the devastation to our senior citizens and those on a
fixed income with runaway inflation.
Here we are, 40 years later, pretending that trillions of dollars of
wasted government spending is okay and that it won't impact inflation.
Madam Speaker, in the simplest terms, inflation is financially
handcuffing the American people and their families, which is further
evidenced by the fact that the Consumer Price Index is now showing the
highest level in over 30 years. That is not okay.
The White House tells us not to worry about inflation; it is all
under control. I think Utahns know better. They see the gas prices, and
they see the difference they pay at the grocery stores.
Utahns, specifically, have seen their gas prices rise by over 70
percent this last year. What is the response from Washington, D.C.? We
can fix this. All we need to do is spend trillions of dollars more.
Seriously? Employers can't find employees to do the work, and the
President touts his $1.2 trillion infrastructure bill as job-creating.
We also know that inflation is an unlegislated tax on hardworking
Americans, most notably some of our most vulnerable communities, like
low-income communities and rural communities with less access to goods
and services.
But instead of focusing on finding ways to address critical supply
chain shortages, to lower our energy costs through policies designed to
generate more independence on energy, and to address the growing
behavioral healthcare crisis, we are doing just the opposite. We shut
down U.S. pipelines and then ask our enemies to produce more dirty oil.
Here are the facts: 40 percent of all the money printed in the
history of this country was printed in the last 20 months. Forty
percent of all the money printed in the history of this country was
printed in the last 20 months.
Congress has already authorized, just this year alone, $3 trillion of
additional spending in addition to our normal spending, and we are
about to spend another $2 trillion.
It is hard to get your arms around what is a trillion dollars. Let me
put this in perspective. This $5 trillion of spending is approximately
$25,000 for every man, woman, and child in the United States. It gets
worse. Thirty years from now, unless we pay that money back--and I
don't think anybody believes we will have paid it back--that is now
three-quarters of a million dollars for every man, woman, and child
just in extra spending this year. That is not okay.
It is simply time to stop the bleeding and time to earnestly focus on
bipartisan solutions that will address the growing needs of the
American people.
We literally cannot afford to play partisan politics at the expense
of our constituents and, more importantly, our children and
grandchildren and our future generations.
Mr. OWENS. Madam Speaker, I yield to the gentleman from Utah (Mr.
Moore), my friend from Utah's First District.
Mr. MOORE of Utah. Madam Speaker, it is very much an honor to share
the podium with my colleagues from Utah. Utah is a very special, very
unique place.
At this time of Thanksgiving, I would like to focus on what Utah
really is. We often get lauded as having the lowest unemployment in the
country and the strongest economy in the country, or as the fastest
growing State in the country. What Utah is, is the most philanthropic
State in the country. It shares more volunteer hours and dollars than
any other State. That is the type of stuff that our delegation and
Members of Congress, the community that we serve, are really proud of.
We reflect on that often, particularly during this time of year.
We are more than a week away from Thanksgiving Day. Like Utahns
across the State, my family--and I have three little boys, a fourth boy
on the way, and an amazing wife who deals with a lot during this crazy
time of my time in Washington. We look forward to this annual
opportunity to come together, enjoy each other's company, and give
thanks for all of our many blessings.
Turkey and stuffing are staples, but each Thanksgiving Day looks a
little different from the last. That is okay. Unfortunately, this
year's Thanksgiving is going to be much more difficult than others.
Americans are bracing for this year's turkey tax, which we expect to
be the most expensive in modern history as inflation rates hit their
highest level in decades.
My colleagues from Utah can talk about this a little bit better than
I can because they are a little bit older than I am, but they talk
about how this hasn't been this high in the last 40 years. That is how
old I am.
I don't want to experience this type of inflation. I haven't had to
yet, and I am very concerned about what we are going to have to
experience.
That was not a cut at their age.
According to the Department of Labor, the Consumer Price Index for
October was 6.2 percent, the highest in over three decades. This high
rate means that, compared to last year, home heating will be 50 percent
more expensive, a gallon of gas will be 61 percent more expensive, and
the cost of groceries will be 5.4 percent more expensive. Beef is 20
percent higher; pork is 14 percent higher; and the cost of used cars is
26 percent higher.
This is data. This is directly related to policy decisions here in
Washington.
As Utahns get ready to celebrate Thanksgiving and find reprieve from
this challenging past year-and-a-half, inflation is threatening to
stifle this entire time of year.
In fact, real wages have decreased in 7 of President Biden's first 9
months in office. As President Biden rushes to spend trillions more, as
he is doing now, to spend trillions more as of this week, economic
pressure will only continue to drive everyday costs up and incomes
down.
The Wall Street Journal editorial board said: ``The current burst of
inflation isn't an accident. . . . This is the result of reckless
policy.'' This is simply incompetence.
CNN noted President Biden's $1.9 trillion American Rescue Plan fueled
inflation by sparking demand that it could not keep pace with.
Even The Washington Post editorial board--I did not expect to ever be
using sort of liberal media outlets to defend some of my points when I
came to the House floor. But The Washington Post says that you cannot
ignore that the American Rescue Plan bears some of this blame.
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We cannot simply spend more. We have to stop President Biden's tax-
and-spend monstrosity.
All of this comes as the administration botched a military exit from
Afghanistan, created a sustained crisis at the border, and has failed
to address a looming debt crisis.
With this as the backdrop, Thanksgiving may feel uniquely
challenging. Yet, through the most difficult times in our Nation's
history, Thanksgiving Day has been a celebration when communities come
together to give thanks for life's great blessings.
Following the Battle of Gettysburg in October of 1863, President
Lincoln proclaimed Thanksgiving to be a national holiday to ``heal the
wounds of the Nation.''
As our Nation experiences great challenges, I can't think of a better
holiday to observe this coming week.
My colleagues and I in the Utah delegation are working every day to
carve a more prosperous path forward for our State and communities.
There is hope on the horizon.
Earlier this month, Democrats and Republicans in this House came
together to pass the Fiscal State of the Nation Resolution, which I
cosponsored. If agreed to in the Senate, this resolution will mandate
the U.S. Comptroller General conduct an annual joint session before the
members of the House and Senate Budget Committees to provide a report
on the fiscal health of our Nation.
This is a huge, important time to have done something like that after
what we have seen over the last year. This expertise would provide our
leaders with the information they need to correct our course and back
away from our patterns of destructive spending.
Back home, I have also convened a debt and deficit task force, which
has provided me an opportunity to work with local leaders to begin
crafting innovative solutions to our Nation's debt crisis.
My colleagues from Utah and I genuinely hope to help those in our
home
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State find more blessings in the days, months, and years ahead. As we
work toward those brighter days, let us reflect and be grateful for the
good moments we have had this year.
Though our year has been filled with difficulty, it has also been
filled with, in the words of Lincoln, ``the blessings of fruitful
fields and healthful skies.''
Today, I am back in Washington with my colleagues to continue the
important work we do on behalf of Utahns. I look forward to next week
when I will join my family and the community in Utah in celebrating
this important holiday.
Mr. OWENS. Madam Speaker, before I get started, I just want to say
what an honor it is to serve with my friends from Utah. They are
remarkable men.
As the holiday season approaches and families across our great Nation
gather for these special moments, I am reminded of what brings us all
together as Americans: Not our creed, race, or ZIP Code, but the
gratitude for one another that lifts us higher and brings out the best
in each of us.
I am the father of 6 children and 15 grandchildren. My pride doesn't
come from my years on the football field or decades in the corporate
world. It comes from the joy of watching them grow up and start
families of their own. I am so deeply thankful for them and the entire
Owens family.
To my fellow Utahns: I am thankful to call Utah's 4th District my
home. It is the honor of a lifetime to represent our State. I am
constantly inspired by the resiliency of our communities.
We have faced a couple of very difficult years. The COVID-19 pandemic
kept us from our friends, families, and loved ones. Disruptions from
work, school, and worship made everyday life very different. There are
empty seats at the table this year. We pray for comfort and healing for
those families as they navigate this time of grief.
With the current economic crisis at home, rising prices at the gas
station, grocery store, and everywhere in between, more and more Utah
families are worried about losing a job, keeping the doors of their
small business open, paying their mortgage, and making ends meet.
Even during the toughest of times, I know the spirit of Utahns. I
have seen how families across our State have helped each other through
dark times toward better and brighter days.
I am wishing all Utahns good health, especially the men and women who
have put on the uniform to serve in our great State, across the
country, and abroad. They make the world and our country a safer place.
Especially during the holidays, I think Norman Rockwell's Four
Freedoms are very appropriate: The Freedom of Speech, the Freedom to
Worship, the Freedom From Want, and the Freedom From Fear. This is the
American way. This is the American Dream. As Americans, we hold these
freedoms incredibly dear and commit to protect them for future
generations.
It is within our DNA to confront our crises and weather rough storms
to leave our country a little bit better than we found it for our
children and our children's children.
This season of thanksgiving, I hope that we can continue to support
one another and unite in our shared gratitude. Despite our daily
struggles, we have so much to be thankful for. I pray that Utahns
across our beautiful State will continue to be blessed this holiday
season.
Madam Speaker, I yield to the senior member of our delegation, Chris
Stewart.
Mr. STEWART. Madam Speaker, what an honor it is to be here with my
friends, people that I have tremendous respect for, colleagues, people
who love their country and want to serve their country.
Several of them have said something that I think is worth
emphasizing, and that is, for example, when Mr. Curtis talks about 40
percent of the money that was printed in the history of this country
was printed in the last several months, I am not sure that that is easy
to convey to people how important that is.
We talk about a million dollars or a billion dollars or now a
trillion dollars, and I am not sure we have an understanding, again,
what those numbers even mean. I think a lot of times people think of a
trillion dollars, well, it sounds like a lot of money. Is that like
double a billion or what is a trillion?
I think I found a really good way to illustrate it and for us to
visualize what it means when we are printing this kind of money.
Let me start with this: A million seconds is 11 days. A billion
seconds is 31 years. A trillion seconds is 31,000 years. Think about
that. 11 days to 31 years to 31,000 years. The people watching at home
can't see this enormous Chamber we are in but imagine that I stretched
a string from this wall to this wall, and let's say that over here is
zero, and then I ask them to go touch 11 days, they would go touch and
they would be nearly touching the wall. But then if I said touch 31
years, if this one over here is 31,000 years, they would still nearly
be touching the wall, and all the rest of that distance is a trillion.
I think that gives us a sense and gives us a way to visualize when we
talk about spending trillions of dollars, it is magnitudes more than
billions. It is an unimaginable number, like Mr. Curtis said, the
percentage of that that has been created in the last few months.
Since COVID hit, we spent about $2 trillion on the COVID 1 relief
package; we spent about the same, $1.9 trillion, on the second COVID
relief package. This President suggested a budget that takes us from
about $4.8 trillion a year to $6.3 trillion. We just spent $1.2
trillion on infrastructure. This government has spent, taken together,
more than $11 trillion in a matter of months. That should scare the
life out of every American.
People say, Well, you are kicking the can of debt down the road to
our kids or grandkids. That is nonsense. We will never get to our
grandkids if we spend trillions of dollars in a matter of months. We
will never get to our kids if we spend $11 trillion in 18 months.
This problem will correct itself. It will correct itself in a painful
way and in not a matter of generations, a matter of years, if we don't
try to fix it now.
If you think inflation is because of bottlenecks and supply chains,
that was part of it. But the vast majority of this is explained by one
thing: The Federal Government spending trillions of dollars. And the
American people pay the very unfortunate, the very painful price.
Once again, I thank Mr. Owens for the honor to be with him tonight.
Mr. OWENS. Madam Speaker, I yield back the balance of my time.
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