Cpi's Astonishing Increase

Floor Speech

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Mr. MOORE of Alabama. Mr. Speaker, today the latest Consumer Price Index numbers were revealed, confirming what Americans buying gas, groceries, and other necessities already know. Over the past year, the CPI increased an astonishing 7 percent.

That is the highest inflation rate we have seen in four decades. The last time we saw inflation like this, the University of Georgia football program had already begun its historic 40-plus-year championship drought that ended this week.

This catastrophe could have been avoided, could have been headed off. But last July, despite economists insisting it was a fantasy, the Biden administration brushed off inflation concerns as just a transitory inconvenience.

Of course, Biden--or at least his string-pullers--knew better, but he did not want the daunting economic realities facing American families to get in the way of this massive socialist tax-and-spend agenda.

You don't need an economics degree to know that trillions more in government spending will drive up inflation. Unfortunately, that is exactly what we are seeing.

If the Biden administration and the House Democrats get their way and pass this harmful Build Back Better scheme with trillions more in spending, inflation will soar like never before.

Americans are suffering. We must defeat the Democratic agenda, restore fiscal sanity, and take meaningful steps to combat the record inflation crushing American families and businesses.

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