[Congressional Record Volume 170, Number 95 (Tuesday, June 4, 2024)]
[House]
[Pages H3586-H3587]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
HARD CHOICES TO STAY AFLOAT
(Mr. ROSE asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. ROSE. Madam Speaker, prices continue to climb due to the economic
[[Page H3587]]
policies of the Biden administration. The latest Consumer Price Index
report was up 3.4 percent from last year, keeping interest rates high
and making it tough on all Americans to get by. That is Bidenomics.
Today, I rise in support of the hardworking families I represent, who
are having to make hard choices to stay afloat. If they are having to
tighten their belts, the Federal Government should do the same. We
don't have a revenue problem in this country. We have a spending
problem.
In fiscal year 2022, the Federal Government collected $850 billion
more in tax revenue than just the year before, yet the Federal
Government spent $1.4 trillion more than we brought in. In fiscal year
2023, the government spent $1.7 trillion more than it collected.
That is just one of the many reasons why I opposed the President's
$7.3 trillion budget. We cannot continue spending money we don't have.
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