[Congressional Record Volume 168, Number 8 (Wednesday, January 12, 2022)]
[House]
[Page H49]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       CPI'S ASTONISHING INCREASE

  (Mr. MOORE of Alabama asked and was given permission to address the 
House for 1 minute.)
  Mr. MOORE of Alabama. Mr. Speaker, today the latest Consumer Price 
Index numbers were revealed, confirming what Americans buying gas, 
groceries, and other necessities already know. Over the past year, the 
CPI increased an astonishing 7 percent.
  That is the highest inflation rate we have seen in four decades. The 
last time we saw inflation like this, the University of Georgia 
football program had already begun its historic 40-plus-year 
championship drought that ended this week.
  This catastrophe could have been avoided, could have been headed off. 
But last July, despite economists insisting it was a fantasy, the Biden 
administration brushed off inflation concerns as just a transitory 
inconvenience.
  Of course, Biden--or at least his string-pullers--knew better, but he 
did not want the daunting economic realities facing American families 
to get in the way of this massive socialist tax-and-spend agenda.
  You don't need an economics degree to know that trillions more in 
government spending will drive up inflation. Unfortunately, that is 
exactly what we are seeing.

  If the Biden administration and the House Democrats get their way and 
pass this harmful Build Back Better scheme with trillions more in 
spending, inflation will soar like never before.
  Americans are suffering. We must defeat the Democratic agenda, 
restore fiscal sanity, and take meaningful steps to combat the record 
inflation crushing American families and businesses.

                          ____________________