[Congressional Record Volume 168, Number 118 (Monday, July 18, 2022)]
[House]
[Pages H6703-H6704]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
DEMOCRATS' FAILED ECONOMIC POLICIES
(Mr. COMER asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. COMER. Madam Speaker, today, I rise to discuss yet another
disastrous
[[Page H6704]]
economic record for the Biden administration: Inflation has hit 9.1
percent. Grocery costs are up. Gas prices are up. Nearly every
essential item for living is up.
The Biden administration's failed economic policies and congressional
Democrats' unchecked spending has put our economy on the verge of
recession.
In Kentucky, citizens are paying twice as much at the gas pump as
they did last year. In fact, Kentuckians have seen a 50 percent
increase in gas pries since last year and a diesel increase of 84
percent, which is detrimental to the farming industry.
Farmers are at their breaking point. The USDA recently reported that
farm expenses are expected to rise by over $20 billion next year alone.
I am hearing from constituents in Kentucky's First District who are
deeply concerned and rightfully so. Farmers are saying it is costing
thousands of dollars more per day to keep their farm equipment
operational due to the skyrocketing price of diesel. This is
unsustainable.
On top of inflation, it is clear that President Biden has made
diminishing American energy production a top priority.
Madam Speaker, Americans are in trouble. No matter how hard Democrats
try, Congress cannot spend their way out of this problem.
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