[Congressional Record Volume 168, Number 147 (Tuesday, September 13, 2022)]
[House]
[Page H7746]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
BIDENFLATION HURTS FAMILIES
(Mr. WILSON of South Carolina asked and was given permission to
address the House for 1 minute and to revise and extend his remarks.)
Mr. WILSON of South Carolina. Mr. Speaker, the absurd declaration of
Biden last month of ``zero inflation'' is an insult to intelligence.
Inflation is at 8.5 percent, the highest in 40 years. American
families know gasoline is up 44 percent; electricity, up 15.2 percent;
food, up 13.1 percent; and transportation, up 9.2 percent, destroying
jobs.
Americans are fortunate to have vibrant radio talk shows, modern Paul
Reveres, such as Columbia's Morning News (560 AM) with Gary David and
Christopher Thompson. Yesterday, they highlighted the Heritage
Foundation analysis that the average American worker has lost $3,400 in
annual income since Biden took office due to Bidenflation.
Gary revealed the Bureau of Labor Statistics in 2021 that Americans
spent more on taxes than they did on food, clothing, and healthcare
combined. The Federal Reserve reported that household net worth fell
$6.1 trillion from March to June.
In conclusion, God bless our troops, who successfully protected
America for 20 years as the global war on terrorism moves from the safe
haven in Afghanistan to America.
God bless Ukraine victory.
Queen Elizabeth II will always be cherished in America.
____________________