[Congressional Record Volume 168, Number 85 (Wednesday, May 18, 2022)]
[Senate]
[Pages S2566-S2567]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
Unanimous Consent Request--S. 4249
Mr. SCOTT of Florida. Mr. President, last week, President Biden tried
to blame me for the current inflation crisis. In a speech where he
couldn't even get my State right--I proudly represent Florida, in case
he needs another reminder--he attacked me and tried to blame the record
inflation he created on Republicans. I guess he has also forgotten that
he is the President and that it is his policies that created this mess.
And, by the way, Democrats are in control of the House and the Senate.
What is clear to the American people is that Joe Biden is to blame
for the inflation that is hurting them more every day. Families I talk
to in Florida are sick and tired of this President's failures. They are
sick and tired of seeing an incoherent, confused man ramble on in the
White House, with no plan but to blame everyone else but himself for
the problems he created.
Last week, the Biden administration reported that the Consumer Price
Index, our main measure of inflation, increased 8.3 percent year-over-
year, and the latest Producer Price Index, released just a day later,
showed wholesale inflation in April increased 11 percent over the year.
These price hikes hurt real families, and they are impacting every
industry. We see it in the price of groceries, like milk, eggs, and
meat. We see it in the price of gas at the pump and electricity for
your home. We see it in the price of used cars and in the cost of
transportation. Everything is going up, and some products, like baby
formula, are nearly impossible to find.
It is causing families to make impossible choices. In March, a Census
Bureau report found that over the last year, 24 percent of Americans
reduced or went without basic items such as food and medicine as a way
to afford their energy bills. In my home State, 26 percent of
Floridians had to make this impossible choice.
Let's be clear. The financial pinch families are facing, the supply
chain crisis families are facing, and the skyrocketing prices families
are seeing are because of the radical spending agenda being pushed by
President Biden and Democrats in Washington. Their reckless government
spending has sent our economy into a downward spiral. Our debt has
grown to over $30 trillion, and Biden wants to push it up to $45
trillion even as our GDP is contracting. Inflation has risen to the
highest levels in over 40 years. It is wrecking our economy.
We need bold action to fix this mess and help families struggling to
keep up.
I came to the floor to stop the insanity and introduce a budgetary
point of order. My bill would stop any nondefense discretionary
spending that would increase the deficit over the 10-year budget window
when the average annual CPI inflation is 3 percent or higher. The
Federal Reserve's target for inflation is 2 percent, so setting the bar
for the point of order 50 percent above this target is totally
reasonable.
My point of order would not even apply during time periods when
inflation is at or slightly above the Federal Reserve's target. Of
course, we need flexibility for emergencies, so my bill would allow
this point of order to be waived if two-thirds of the Senate agree that
deficit spending during times of elevated inflation is desperately
needed. Further, my point of order would not apply to funding our armed
services nor would it apply to any mandatory spending, such as Medicare
or Social Security.
This is commonsense legislation. This bill would put in place the
same scrutiny that families, especially poor families like mine when
growing up, use in order to stay on budget. It is the same kind of
careful examination that small business owners have to do to make sure
they can pay their employees and make ends meet. The inflation we are
seeing right now is unsustainable. It is time for action. I hope we
will all come together to agree to this point of order.
As in legislative session, I ask unanimous consent that the Senate
proceed
[[Page S2567]]
to the immediate consideration of S. 4249, which is at the desk. I
further ask that the bill be considered read a third time and passed
and that motion to reconsider be considered made and laid upon the
table.
The PRESIDING OFFICER. Is there objection?
The Senator from Vermont.
Mr. LEAHY. Mr. President, in reserving the right to object, if the
Senator from Florida's bill were to pass, it would make routine
domestic spending bills nearly impossible to be passed in the U.S.
Senate, freezing spending at current levels.
I worry that the Senator from Florida believes the false impression
that inflation does not impact the millions of Americans who benefit
from nondefense discretionary programs. These are people who have to go
to work every single day and try to figure out if they are going to
have enough money to put groceries on their table. This bill would make
things worse for the American people, not better.
As an example, this year, the cost of the veterans medical care
system is expected to grow by $21 billion. We have all heard the
patriotic speeches of how we stand behind our veterans when they answer
the call, but I wonder how many VA hospitals and clinics in Florida
would have to be closed if this proposal were to be approved. I know
there are a lot all over the country that would have to be closed.
Natural gas costs have grown by 35 percent this year. Do any of us
who may be from a State where the weather can get warm want to tell our
constituents who rely on the LIHEAP program to cool their homes ``No,
you don't need air conditioning because the money is not going to be
there''?
If Florida is struck by another hurricane this summer and the Senator
from Florida's constituents look to FEMA for fuel, food, and water,
will the Senator tell his constituents ``Sorry. Inflation was too high.
You are on your own. We can't respond to that emergency''?
In 2017, Members on the other side of the aisle lined up to vote for
a $1.9 trillion tax cut for the wealthy--a tax cut that I believe has
contributed to the inflation we now see in the country. There is
nothing in this request to roll back those tax cuts. So I object.
The PRESIDING OFFICER. Objection is heard.
The Senator from Florida.