[Congressional Record Volume 168, Number 126 (Thursday, July 28, 2022)]
[House]
[Page H7263]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
PROTECTING AMERICA FROM THE LEFT'S OUT-OF-CONTROL SPENDING
(Mr. SMITH of Missouri asked and was given permission to address the
House for 1 minute and to revise and extend his remarks.)
Mr. SMITH of Missouri. Madam Speaker, the new GDP numbers announced
this morning confirm that Washington Democrats' reckless spending has
sent our Nation into a recession. On top of paying an extra $5,200 this
year because of the President's inflation crisis, Americans are now
having to live in fear that they will see their paychecks cut or they
will lose their jobs.
This incredibly troubling news comes just 1 day after the Federal
Reserve hiked interest rates, which means more Americans won't be able
to afford to buy a car or a new home.
Forty-year high inflation, skyrocketing interest rates, and now a
recession--these are the disastrous consequences of one-party Democrat
rule in Congress and in the White House.
What is their predictable reaction?
Yesterday, they announced a bill to increase taxes and to spend
hundreds of billions of more dollars. It is shameful. I will fight
tooth and nail to protect Americans from the left's out-of-control
spending.
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