The publication is reproduced in full below:
THE BIDEN ECONOMIC AND SPENDING CRISIS
The SPEAKER pro tempore. The Chair recognizes the gentleman from Utah
(Mr. Owens) for 5 minutes.
Mr. OWENS. Madam Speaker, I rise today to continue sounding the alarm on the Biden Administration's economic and spending crisis that is hurting families in my district and killing American jobs.
This Big Government, ultra-inflation, and massive spending agenda has a big problem: the economy. It is spiking the price of groceries, gas, lumber, and everything in between.
Gasoline is up 42.7 percent. Chicken is up 7.2 percent. Eggs are up 9.9 percent. Public transportation is up 8.4 percent.
As I have heard from my families all across my district, Americans cannot afford this.
Utahns say they are paying more for just about everything. In fact, a recent statewide poll found that 85 percent of Utahns are very or somewhat concerned about inflation and rising costs.
Inflation is a tax on every single American.
With consumer prices reaching a 13-year high, it is clear this administration's agenda is bad for economic recovery and unsustainable for working-class Americans trying to make ends meet.
The Democrats' solution? Rush through the most expensive piece of legislation in the history of our country.
Another startling fact: This $3.5 trillion spending plan is more than the GDP of Canada and Mexico combined.
While the White House continues to spread false realities to the American people, let's talk about the facts: The true cost of the bill is $5.5 trillion, not $3.5 trillion, and certainly not zero. It is going to increase the national debt by $2.4 trillion. It will lead to 5.3 million jobs lost nationwide. The median family income will drop by
$12,000. Each American household will be burdened with $35,439 of debt.
Americans across the country and Utahns in the Fourth District want to see fiscal responsibility restored at the Federal level. This out-
of-control spending must stop.
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SOURCE: Congressional Record Vol. 167, No. 171
The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
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