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Congressional Record, House, September 19, 2022 — Fiscal Crisis Facing America Special Order

Summary

A page of the Congressional Record, House, dated September 19, 2022, at page H7956. It carries the end of a Member's remarks, including an article on Juneteenth becoming a federal holiday that quotes Senator Tina Smith, and then a special order headed Fiscal Crisis Facing America. In the special order a Member states that the problem with the debt and deficit is not that the country taxes too little but that it is spending beyond its means. The Member states that overspending created excess demand, that this and constraints on energy production caused a supply-demand mismatch pushing up prices, and that the Federal Reserve must raise interest rates fast. The remarks are the speakers' own.

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“Congressional Record, House, September 19, 2022 — Fiscal Crisis Facing America Special Order.” Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/crec-crec-2022-09-19-crec-2022-09-19-pt1-pgh7956-2-f2624fda50/, SHA-256 773e43f8a3a65029cf2bb32232f7d71bcff9b4cd7a18303b4c0db03cc958efe0.

Full text

                                            H7956                                             CONGRESSIONAL RECORD — HOUSE                                                   September 19, 2022
                                              ‘‘The Juneteenth nation is ecstatic,’’ he             highlighted in a tweet Wednesday that even             dollars more in tax revenue in infla-
                                            said.                                                   with its passage, Republicans still attack             tion-adjusted terms.
                                              What is Juneteenth?                                   critical race theory which would allow stu-              The problem with our debt and def-
                                              Juneteenth—also known as Freedom Day,                 dents to study the roots of events, such as
                                            Liberation Day and Emancipation Day—
                                                                                                                                                           icit is not that we are taxing the Amer-
                                                                                                    Juneteenth, in school.
                                            marks the day when federal troops arrived in              ‘‘Even today, as conservatives try to erase          ican people too little. The problem is
                                            Galveston, Texas, on June 19, 1865, to ensure           history with their attacks on critical race            that we are living beyond our means,
                                            that African Americans still enslaved were              theory and understanding the impacts of sys-           spending well beyond our means, and it
                                            freed following both the signing of the                 temic racism, we stand here acknowledging              is not only threatening the future fis-
                                            Emancipation Proclamation and end of the                the truth. We will make #Juneteenth a fed-             cal solvency of our country. This over-
                                            Civil War.                                              eral holiday,’’ Markey said in the tweet.              spending, this addiction to deficit
                                              The advance by Union Army Gen. Gordon                   Speaking at a press conference earlier               spending, has delivered a historic 40-
                                            Granger came 30 months and 19 days after                Wednesday in front of the Capitol, a group of
                                            President Abraham Lincoln signed the                                                                           year high inflation crisis. It has cre-
                                                                                                    lawmakers including Jackson Lee and other
                                            Emancipation Proclamation on Jan. 1, 1863,              Democrats supportive of the Juneteenth leg-            ated excess demand. When combined
                                            which had declared, ‘‘all persons held as               islation said there is still work to be done.          with the constraints that this adminis-
                                            slaves within any States, or designated part              ‘‘Of course today is not enough, there’s so          tration has put on energy production,
                                            of the State, the people whereof shall be in            much more work left to be done, but this is            it is a classic supply-demand mis-
                                            rebellion against the United States, shall be           an important day because it is a piece of              match, overspending creating excess
                                            then, thenceforward, and forever free.’’                pavement on that path towards justice,’’ said          demand, combined with constraining
                                              But with the seven Confederate states op-             Sen. Tina Smith, D-Minn. ‘‘This is not a mo-
                                            erating under their own president, slaves in
                                                                                                                                                           energy, a war on domestic energy pro-
                                                                                                    ment for complacency, this is a moment to
                                            the South weren’t exactly free to go. It                rededicate ourselves to that work.’’
                                                                                                                                                           duction constraining the supply. That
                                            would take another two months after Robert                Ms. JACKSON LEE. Madam Speaker,                      supply-demand mismatch has pushed
                                            E. Lee surrendered at Appomattox Court                  I yield back the balance of my time.                   up prices.
                                            House in April 1865 that troops would arrive                                                                     What is the result of that, Madam
                                            in Galveston to free the final 250,000 people                             f
                                                                                                                                                           Speaker? It means the Federal Reserve
                                            enslaved there. Most left the area despite a                                  b 2015                           must engage in a precipitous quan-
                                            message from Union troops that they could                                                                      titative tightening process. It must
                                            stay and work for their owners as employees.              FISCAL CRISIS FACING AMERICA
                                              A few months later, in December 1865, the
                                                                                                                                                           raise interest rates fast. It must en-
                                                                                                      The SPEAKER pro tempore. Under                       gage in tightening monetary policy.
                                            13th Amendment to the Constitution was                  the Speaker’s announced policy of Jan-
                                            ratified and abolished slavery.                                                                                What does that mean? Higher interest
                                              Where is it celebrated?                               uary 4, 2021, the gentleman from Ken-                  rates. And higher interest rates mean
                                              Like most holidays, Juneteenth is recog-              tucky (Mr. BARR) is recognized for 60                  higher debt service costs. We have to
                                            nized in gatherings across the country, pre-            minutes as the designee of the minor-                  pay higher interest on the national
                                            dominantly in the Black community. With                 ity leader.                                            debt, which compounds the problem.
                                            the help of social media to spread awareness              Mr. BARR. Madam Speaker, I rise                        The solution, Madam Speaker, for
                                            on a holiday not always taught in school, it            today in solidarity with the gentleman
                                            has become more mainstream in recent                                                                           the fiscal policy policymakers, those of
                                                                                                    from Pennsylvania (Mr. SMUCKER), my                    us in the Congress and the White House
                                            years.
                                              Celebrations can include reflections, pa-
                                                                                                    good friend, to raise an important issue               and the executive branch, is to start
                                            rades, food and drink, music—and even advo-             that my constituents, my friend from                   living within our means. Then and only
                                            cacy.                                                   Pennsylvania and his constituents,                     then can we get our inflation crisis
                                              For instance, in 2016, Opal Lee of Texas, a           and, frankly, constituents all over this               under control and the Federal Reserve
                                            now 94-year-old activist, walked from her               country care about, and that is the                    can start lowering interest rates once
                                            home in Fort Worth to the nation’s capital              state of the fiscal crisis facing our
                                            in an effort to get Juneteenth named a na-
                                                                                                                                                           again.
                                                                                                    country right now.                                       Madam Speaker, I thank the gen-
                                            tional holiday.
                                                                                                      This is really not a Republican issue                tleman from Pennsylvania for his lead-
                                              It was in 1979 that Texas became the first
                                            state to officially establish Juneteenth as an          or a Democrat issue. All hardworking                   ership in advocating for fiscal sanity in
                                            official holiday. Now, 49 states and the dis-           American taxpayers of all political per-               Washington and the restoration of fis-
                                            trict separately recognize the day, with                suasions should be concerned about the                 cal responsibility. We need to exercise
                                            South Dakota as the only outlier, despite               state of the fiscal mess that we face in               fiscal discipline and get this ship
                                            legislative attempts earlier this year.                 our country: a $31 trillion national                   turned around.
                                              What’s next?                                          debt that is literally burying our chil-
                                              The legislation has passed just in time for                                                                    Madam Speaker, I yield back the bal-
                                                                                                    dren and our grandchildren in a moun-                  ance of my time.
                                            the holiday Saturday. Biden is scheduled to
                                            sign the bill into law Thursday afternoon.
                                                                                                    tain of debt. This is mortgaging our fu-                                 f
                                              Despite the bipartisan victory, advocates             ture, and we need to get our fiscal
                                            said they are still far from repairing the              house in order.                                         AMERICA MUST RESTORE FISCAL
                                            wounds from American slavery.                             The American taxpayer works hard                                      SANITY
                                              Some point to HR 40, which specifically               for their income, and they deserve a                     The SPEAKER pro tempore. Under
                                            calls for the creation of a commission to               government that lives within its                       the Speaker’s announced policy of Jan-
                                            study ‘‘and consider a national apology and             means. That is why I am proud to                       uary 4, 2021, the gentleman from Penn-
                                            proposal for reparations for the institution
                                                                                                    stand shoulder to shoulder with my                     sylvania (Mr. SMUCKER) is recognized
                                            of slavery, its subsequent de jure and de
                                            facto racial and economic discrimination                colleague Mr. SMUCKER, who will later                  for the remainder of the hour as the
                                            against African Americans, and the impact               highlight this issue of fiscal reckless-               designee of the minority leader.
                                            of these forces on living African Americans,            ness and the need to tighten our belts                   Mr. SMUCKER. Madam Speaker, I
                                            to make recommendations to the Congress                 and to live within our means so that                   thank my friend from Kentucky, who
                                            on appropriate remedies, and for other pur-             we do not continue to put this burden                  truly is an expert on fiscal policy and
                                            poses.’’                                                on our children and our grandchildren.                 truly understands the situation that
                                              A version has been introduced in every leg-           We need to stop the spending spree and                 we are in, in our country.
                                            islative session since 1989, but passed out of
                                            a House committee for the first time this
                                                                                                    live within our means.                                   We just simply cannot afford to con-
                                            year.                                                     Just to highlight how serious this                   tinue down this path and expect that
                                              ‘‘We’re giving America the opportunity for            problem is, Madam Speaker, it is not a                 there will not be consequences: con-
                                            redemption, for repair, for restoration, for            lack of tax revenue. The issue is not                  sequences for us and, if not for us, cer-
                                            also understanding the new America, which               that we don’t tax the American people                  tainly for future generations. At the
                                            is so multicultural,’’ said lead sponsor, Jack-         enough from Washington, D.C. The                       least, we are mortgaging the future of




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                                            son Lee, in April after it passed.                      issue is that we are overspending.                     our kids and our grandkids, and it is
                                              That legislation is still awaiting a full
                                                                                                      In fact, this year, the Federal Gov-                 completely irresponsible.
                                            House vote and is expected to face an uphill
                                            battle in the Senate.                                   ernment has raised more revenue from                     We just came back, all of us, to our
                                              Massachusetts Sen. Ed Markey, another                 taxes than in any period in history, and               districts. I can tell you, I spent most of
                                            lead Democrat to sponsor the legislation                it is actually over a trillion dollars                 the weekend out talking to people
                                            making Juneteenth a federal holiday also                when you consider inflation, a trillion                across the district, and they are very



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                                            September 19, 2022                                CONGRESSIONAL RECORD — HOUSE                                                                 H7957
                                            concerned about the impact of this                      is the best committee. I serve on the                  mins for bone development, brain de-
                                            President’s policies and the policies of                Ways and Means Committee. But John                     velopment, and muscle development. In
                                            this Congress on their daily lives. I                   is a dear friend of mine, a wonderful                  the past year, the cost of milk has
                                            have constituents who are choosing                      Member of Congress, and I am very,                     soared 17 percent.
                                            each week whether they can buy gro-                     very proud to serve with him. I am                                       b 2030
                                            ceries or whether they can buy gas for                  proud to count him as a friend. He is
                                            the car.                                                doing a fabulous job as a member of                      That     kind    of   price   hike    is
                                              I spoke just recently to one con-                     that committee and Member of Con-                      unsustainable, and no administration
                                            stituent who had been out of the work-                  gress.                                                 can take the health and well-being of
                                            force for about 10 years. This indi-                      I look forward to his insights on how                Americans seriously while deliberately
                                            vidual, by the way, had 13 kids, which                  the Biden administration’s policies                    creating policies that make healthy
                                            I thought was amazing, but he had been                  have resulted in this record-high infla-               choices, like whole milk, more expen-
                                            out of the workforce for 13 years and                   tion. I would like to hear what his con-               sive for American families, more ex-
                                            just took a job because he can no                       stituents are facing in the 13th District              pensive for the parents who need to
                                            longer make ends meet because of the                    of Pennsylvania, which is directly adja-               supply that for their growing children.
                                            policies of this President and the rising               cent to mine. I thank Dr. Joyce for                      The cost of eggs is up nearly 40 per-
                                            prices that have been created by the                    joining us this evening.                               cent, and the cost of food overall has
                                            policies of this administration.                          Mr. JOYCE of Pennsylvania. Madam                     risen more in the past year than at any
                                              They are angry that the President                     Speaker, I thank the gentleman for                     time since 1979 when Jimmy Carter was
                                            had a White House party to celebrate                    yielding and for holding this important                President.
                                            the passage of the so-called Inflation                  Special Order tonight on an issue that                   To make matters even worse, real
                                            Reduction Act. This celebration, of                     truly affects all Pennsylvanians and all               wages have gone down, and inflation
                                            course, just recently was broadcast                     Americans.                                             has outpaced wage growth for the 17
                                            amid a backdrop of the plummeting                         I thank Representative SMUCKER, my                   months that Joe Biden has been in the
                                            stock market and upon the news just                     colleague, who is a true leader and a                  White House.
                                            that morning of another month of                        fiscal conservative, for bringing this                   The economic situation the Amer-
                                            record-high inflation.                                  discussion to the United States Con-                   ican people find themselves in right
                                              No matter how the President wants                     gress.                                                 now is unsustainable. In the second
                                            to talk about it, no matter how Demo-                     Yesterday afternoon, I conducted a                   quarter of this year, household wealth
                                            crats want to talk about it, Madam                      survey in my weekly newsletter, ask-                   in the United States fell by $6.1 tril-
                                            Speaker, he says that inflation has lev-                ing respondents if, during the past                    lion—a record drop that has left fami-
                                            eled off, but we are still at 8.5 percent               year, the rising costs of gas and gro-                 lies unable to pay for the everyday ex-
                                            above what prices were just 12 months                   ceries had cut into their savings, a rel-              penses that they face.
                                            ago. That is something we haven’t seen                  atively simple question. Eighty-nine                     As I traveled through my district in
                                            in our country for about 40 years. This                 percent of the responders said yes.                    August—like       my     colleague,   Mr.
                                            was after Democrats and the President                     Unfortunately, this is a sad reality.                SMUCKER, spoke about—I talked to a
                                            were saying this would be transitory                    It is a sad reality in the American                    mother who told me that she was mak-
                                            inflation.                                              economy that has been decimated by                     ing difficult decisions, decisions on
                                              You would think if we are in a hole,                  President Biden’s failed tax-and-spend                 whether to buy the necessary groceries
                                            at some point, we would stop digging.                   policies that put far-left gimmicks                    for her family, for her children’s
                                            Instead, the President and congres-                     ahead of the needs of the American                     lunches or put gasoline in the family
                                            sional Democrats, while they are pat-                   people.                                                car. No American should be making
                                            ting themselves on the back, continue                     During the Biden administration, at                  those decisions.
                                            to spend taxpayer dollars.                              a time when small businesses across                      The record inflation that has put par-
                                              Just last night, President Biden was                  our country were begging for workers,                  ents and families in this position is the
                                            on ‘‘60 Minutes,’’ arguing that he de-                  we saw legislation that paid workers to                result of failed policies that have wast-
                                            serves some credit, again, for his fiscal               remain at home. We saw the govern-                     ed taxpayer dollars and flooded our
                                            policies while inflation is at another                  ment mandates that had no basis in                     economy with too much cash while si-
                                            40-year high.                                           science, policies that did not account                 multaneously killing the supply chain
                                              The President speaks fiscal responsi-                 for natural immunity, policies that                    and causing shortages throughout the
                                            bility, yet every action that he takes                  forced highly skilled workers to leave                 market.
                                            only balloons our debt and balloons our                 their jobs, which, unfortunately, again,                 When we look at the liberal partisan
                                            deficits. It is far past time for his                   helped to cripple our supply chains.                   legislation passed this past year, we
                                            wasteful inflationary spending agenda                     During the Biden administration, we                  see laws that choose winners and los-
                                            to come to an end. The American peo-                    saw the so-called infrastructure bill                  ers.
                                            ple, the constituents in my district,                   that spent more money bailing out                        So let’s take stock.
                                            can no longer afford the policies of this               windmills and solar farms and did                        By handing out tax breaks for pur-
                                            administration.                                         nothing on fixing roads and bridges. We                chasing an electric vehicle and by of-
                                              Tonight, for the next 45, 50 minutes                  saw the poorly named Inflation Reduc-                  fering money to companies who put up
                                            or so, I am proud to welcome some of                    tion Act, which the Congressional                      solar farms that fail to produce base-
                                            my Republican colleagues, including                     Budget Office says will increase our na-               load power, the Biden administration
                                            fellow members of the House Budget                      tional deficit over the next few years.                has sent a clear signal to Pennsylva-
                                            Committee and others who share the                        This is no time to throw a party cele-               nia’s energy producers that they are
                                            deep concerns that were just outlined                   brating these priorities as inflation                  not valued by Washington liberals.
                                            by Congressman BARR. You will be                        continues to rise. This is no party situ-                By canceling the Keystone XL pipe-
                                            hearing from others their concerns                      ation.                                                 line and putting a halt on new drilling
                                            about the fiscal state of our Nation and                  Time after time, we have witnessed                   leases, Joe Biden has made one thing
                                            the trajectory that we are on.                          an administration that cowers to the                   clear: He has no interest in lowering
                                              Over the next hour, we are going to                   radical left and fails to consider that                gas prices. He has no interest in low-
                                            take stock of this administration’s                     their own runaway spending has led to                  ering energy prices.
                                            reckless budget agenda and some of the                  these soaring prices at the gas pump                     Instead of pivoting to failed tech-
                                            drastic consequences that we are hear-                  and at the grocery store.                              nologies like wind and solar that can-




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                                            ing about from our constituents.                          When I was seeing patients as a phy-                 not be stored and that can only be used
                                              Madam Speaker, I yield to the gen-                    sician, one of the issues that I would                 during peak hours, we need to return to
                                            tleman from Pennsylvania (Mr. JOYCE),                   stress to parents is how important it                  the energy sources that are under the
                                            who is a great member of the Energy                     was for them to provide milk, whole                    feet of my constituents in Pennsyl-
                                            and Commerce Committee. We won’t                        milk, for their children’s growth, whole               vania: the coal, the natural gas, the
                                            argue tonight about which committee                     milk that supplies the necessary vita-                 oil, the Marcellus shale that can help



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                                            H7958                                             CONGRESSIONAL RECORD — HOUSE                                                   September 19, 2022
                                            to return our Nation to a position of                   American oil and gas producers. So we                  8.3 percent. By ‘‘we,’’ of course, I mean
                                            energy dominance.                                       know that this will continue to affect                 everyone except Joe Biden, who boast-
                                              After dismantling nuclear energy,                     constituents. They will continue to pay                ed on 60 Minutes last night that infla-
                                            Europe is facing the worst energy crisis                the higher price of gasoline at the                    tion has not spiked. If the worst infla-
                                            in a generation. By signing pro-Green                   pump.                                                  tion numbers in 40 years isn’t a spike,
                                            New Deal legislation, President Biden                     At this time, President Biden and                    I don’t know what is.
                                            seems intent on making the same mis-                    congressional Democrats thought it                       Unfortunately for Mr. Biden, the
                                            take—the same mistake right here in                     would be a good idea to combat infla-                  numbers don’t lie. That 8.3 percent in-
                                            the United States.                                      tion by offering tax credits for high-                 flation is costing families well over
                                              Digging out of that hole that Presi-                  end electric vehicles.                                 $4,000 this year alone, essentially wip-
                                            dent Biden and the far-left Members of                    Now, interestingly enough, and                       ing out one month’s paycheck. I don’t
                                            Congress created will take some hard                    maybe unsurprisingly, a lot of those                   know a single family that can afford
                                            work, and it is time for Congress to                    electric vehicle manufacturers that                    that kind of sacrifice.
                                            stop the runaway spending on failed                     were set to benefit from those new tax                   Worse, real wages have fallen every
                                            and untested programs.                                  credits, immediately turned around                     single month since President Biden’s
                                              We need to stop giving taxpayer dol-                  and raised the prices of their vehicles,               $1.9 trillion stimulus passed last year.
                                            lars to Green New Deal priorities that                  essentially wiping out the value of the                  But it is not just today’s taxpayers
                                            only serve to hurt American families.                   credit.                                                that will feel these impacts. Genera-
                                              Right now, our communities are                          Another way they thought that ap-                    tions from now, people will still be
                                            counting on us. The schools in our dis-                 parently would help inflation was to                   feeling the sting of Biden’s inflation
                                            trict are counting on us to get infla-                  raise taxes on the middle class, includ-               crisis. Over the next decade, decisions
                                            tion under control. The families in our                 ing $53 billion in new taxes on Main                   made in Biden’s first 2 years will add
                                            district are counting on us to get this                 Street and $10 billion in taxes on those               $4.8 trillion to our Federal deficit—$4.8
                                            runaway inflation back under control.                   making less than $200,000 a year. Then,                trillion.
                                              As President Biden creates crisis                     adding salt to the wound, the bill                       Decades of lower interest rates have
                                            after crisis in our economy, one thing                  spends $80 billion for the IRS to hire                 spared the Federal Government from
                                            is very clear: We cannot spend our way                  87,000 new agents.                                     facing the true costs of borrowing at
                                            out of the problems that the Biden ad-                    By the way, any of us in our congres-                such high levels, but today’s inflation
                                            ministration has orchestrated.                          sional districts know that the IRS has                 has forced the Federal Reserve to raise
                                              We need to return to fiscal conserv-                  a problem? I have talked to constitu-                  interest rates. We are quickly ap-
                                            atism and pass legislation that sup-                    ents in my district, who are still wait-               proaching a point where the interest
                                            ports Pennsylvania families, American                   ing for refunds from 2019.                             alone on our Federal debt will over-
                                                                                                      So, I get that the IRS may need some                 whelm our Federal budget resulting in
                                            families, instead of burdening them
                                                                                                    additional funding to help to serve the                dire economic effects.
                                            with crushing inflation.
                                                                                                    American people better, but do you                       One percentage, one percentage of
                                              Madam Speaker, I thank the gen-
                                                                                                    know there is 14 times as much money                   higher interest rates would cost the
                                            tleman for holding this Special Order.
                                                                                                    in this bill spent on increasing audits                Federal Government $400 billion every
                                              Mr. SMUCKER. Madam Speaker, I
                                                                                                    on everyday Americans, rather than                     year starting next year. Just 1 percent
                                            thank the gentleman for his words. It
                                                                                                    improving—than the money that is in                    rise in the interest rate costs the Fed-
                                            is clear that he is in touch regularly
                                                                                                    it for improving customer service there                eral Government $400 billion in extra
                                            with his constituents and is hearing
                                                                                                    at the IRS?                                            interest. That is on top of what we are
                                            some of the same things that I have                       There is a CBO analysis. The Con-                    paying already. That is money we
                                            heard.                                                  gressional Budget Office that we all                   could spend on national defense,
                                              The gentleman mentioned the real                      rely upon confirmed that those new                     healthcare, and other of the many pri-
                                            wage drop about $3,500 per family due                   agents will focus on extracting as                     orities our Nation faces.
                                            to the policies of this administration.                 many dollars as possible doing audits                    But instead, we are paying interest
                                            It is as if someone is taking a month’s                 on the middle class, and despite the                   on our debt. Interest payments will
                                            worth of salary, and families have to                   President’s claims, half of those audits               pass defense spending by the end of the
                                            do without that month of salary.                        will be on those making less than                      decade. They will pass Medicare by 2046
                                              By the way, that comes on the heels                   $400,000 a year.                                       and Social Security by the midpoint of
                                            of policies under the previous adminis-                   We could go on about this bill, and if               the century.
                                            tration that led to—after decades of                    we have a little more time maybe we                      As the Federal Reserve continues to
                                            stagnation—a $6,000 average household                   will, but I am very pleased to yield to                raise interest rates to combat infla-
                                            increase in income. Which is more                       the gentleman from Georgia (Mr. CAR-                   tion, which will likely happen again
                                            compassionate? The gentleman is ex-                     TER), who is a fellow member of the                    this week, this only gets worse. This,
                                            actly right. We know the impact of                      Budget Committee, passionate about                     again, is intergenerational theft.
                                            these policies. We must stop. We must                   fiscal issues here in our country. I al-                 Every year we add more than four
                                            implement policies that work for the                    ways appreciate his fervor about these                 times the entire U.S. population to our
                                            American people. That is why I was so                   issues, and I am pleased to count him                  national debt. The time to act is now.
                                            frustrated.                                             as a friend.                                           We are stealing from our children and
                                              By the way, I have a news flash:                        Mr. CARTER of Georgia. Madam                         our grandchildren and deferring a crisis
                                            Naming a bill something doesn’t mean                    Speaker, I thank the gentleman for                     for them to fix. We must act.
                                            it is so. Just recently, the Biden ad-                  yielding, and I thank him for hosting                    Each year that goes by without in-
                                            ministration and Democrats in Con-                      this because this is extremely impor-                  creased deficits digs ours hole deeper
                                            gress passed the Inflation Reduction                    tant. I hope people are paying atten-                  and deeper. It is time to put down the
                                            Act. Studies now are saying it will not                 tion to this.                                          shovel.
                                            impact inflation, it will most likely in-                 As I say, what we are doing right now                  One of the first thing I learned when
                                            crease inflation.                                       is intergenerational theft—$31 trillion                I became a member of the Georgia
                                              Let’s just dig in on some of the poli-                in debt. That is intergenerational                     State legislature was when you are in a
                                            cies that are included. $745 billion in                 theft. In fact, Madam Speaker, by the                  hole, quit digging. We are in a hole. We
                                            new spending, over half of which is for                 time I am done speaking tonight just                   are stealing from our children and our
                                            the Green New Deal agenda. That in-                     my part, the Federal debt will have                    grandchildren and deferring a crisis for
                                            cludes $3 billion for, ‘‘environmental                  grown by more than $13,000. That is                    them to fix, and we must act.




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                                            and climate justice warriors,’’ and $245                right. I suspect I will take about 3 min-                As a medical professional by train-
                                            billion in Department of Energy loans                   utes, maybe 4, but during that time,                   ing, I am well acquainted with the Hip-
                                            for other friends of the left.                          the Federal debt will have grown by                    pocratic oath, which famously says:
                                              As gas prices increased 50 percent                    $13,000.                                               ‘‘First, do no harm.’’
                                            over the course of last year, President                   We learned last week that August’s                     Congress must take a similar ap-
                                            Biden’s solution was to raise taxes on                  annual inflation rate was a staggering                 proach when it comes to our budget.



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                                            September 19, 2022                                CONGRESSIONAL RECORD — HOUSE                                                                H7959
                                            Congress doesn’t control interest rates,                of the fiscal policies that are in place                  Keep in mind, Madam Speaker, this
                                            but we can control how much money is                    here today.                                            is the same President who told the
                                            added to our national debt. Responsible                    I look forward to working with my                   American people inflation was transi-
                                            fiscal policy that balances our budget                  friend, and we hope that the next Con-                 tory. So I don’t know if he means it is
                                            is the first step to walking away from                  gress will be the Congress when we can                 going to come back worse than it is
                                            the fiscal cliff over which our chil-                   begin to put this country on the right                 now or what he is thinking. But now he
                                            dren’s children are already dangling.                   path.                                                  is spiking the football and taking cred-
                                              President Biden’s budget calls for $1                    Madam Speaker, I welcome our next                   it for persistent inflation not getting
                                            trillion in deficit spending every year                 speaker tonight, the next participant is               worse. That is interesting. It is not
                                            going forward. Again, that is money we                  my friend and fellow Pennsylvanian,                    getting worse. It is almost like some-
                                            do not have and cannot continue pre-                    FRED KELLER, from the 12th District in                 body who lights one house on fire and
                                            tending like we do.                                     Pennsylvania.                                          then takes credit for the house next
                                              Republicans must insist on reining in                    Mr. KELLER plays an important role                  door not catching on fire.
                                            this spending. That means no more                       in oversight of the Biden administra-                     I just can’t understand it. The Presi-
                                            trillion-dollar packages that pour fuel                 tion as a member of the Education and                  dent can try and spin the narrative on
                                            on the fire of inflation. That means                    Labor Committee as well as the Over-                   inflation all he wants. But last night
                                            eliminating our deficit so we can pay                   sight and Reform Committee. I count                    Americans watched the President
                                            off our outsized debt. That means re-                   him as a great friend and look forward                 speak, and they got a glimpse into the
                                            turning the budget process to regular                   to his thoughts tonight on what we are                 future of our country if Washington
                                            order.                                                  talking about, the administration’s                    Democrats remain in control.
                                              You know, Washington Democrats                        flawed understanding or lack of under-                    The reality is that inflation is at a
                                            recently passed the Inflation Reduction                 standing of the impact of inflation on                 record high. American families are
                                            Act, or as I like to call it, the inflation             Pennsylvanians. We see it every day.                   making tough decisions about their
                                            acceleration act. Because this bill did                 He will discuss budget principles that                 budgets, decisions that President Biden
                                            not go through regular order, there was                 can help us right our fiscal ship.                     hasn’t had to make since 1973 when he
                                                                                                       Madam Speaker, I yield to the gen-
                                            a grave oversight that threatens a $5.5                                                                        started collecting his check from the
                                                                                                    tleman from Pennsylvania (Mr. KEL-
                                            billion electric vehicle plant that is set                                                                     taxpayers. But the people for whom he
                                                                                                    LER).
                                            for construction in my district. It has                    Mr. KELLER. Madam Speaker, I                        works are having to make those deci-
                                            put it in jeopardy. This highlights just                thank the gentleman from Pennsyl-                      sions.
                                            how important it is that bills go                       vania, my friend and colleague. Our                       Hardworking Americans deserve real
                                            through regular order. If we had had a                  history goes back a little farther than                answers on how their government plans
                                            committee markup on this, we could                      before we knew each other, and that is                 to reduce inflation, not just maintain
                                            have caught it. If we had vetted it—one                 to Lancaster County. I worked for a                    historically high levels of it. Wash-
                                            of my favorite sayings is that none of                  business headquartered in Lancaster                    ington Democrats can’t give the Amer-
                                            us are as smart as all of us. That is                   County that taught me a lot of things.                 ican people straight answers because it
                                            why all of us should be involved in this.               It taught me how to budget, it taught                  is their policies that have put us in
                                              The same logic applies to budgeting.                  me how to look out for the future and                  economic turmoil.
                                            If we don’t give our Members the abil-                  plan, and it taught me how to listen. I                   Republicans have a plan, and my col-
                                            ity to read, debate, and amend legisla-                 think that is the thing that we do best                leagues so very well laid it out here be-
                                            tion, we end up with policies and pro-                  when we are representing the people                    fore me: regular order and making sure
                                            posals and budgets that hurt the same                   who sent us here to do their work.                     that every person’s Representative and
                                            people they purport to help.                               During President Biden’s interview                  every State senator has input on the
                                              When we miss budget deadlines, we                     with 60 Minutes, that marked the first                 legislation.
                                            are breaking the law. In what world                     on-air, sit-down interview between the                    The Republican Study Committee
                                            does it make sense for a legislative                    President and an American journalist                   produced a budget that would balance
                                            body to routinely break Federal law,                    in 7 months. It is abundantly clear why                in 7 years. Think about that: a bal-
                                            the laws we wrote and passed?                           his handlers have been keeping him                     anced budget. That is what all the fam-
                                                                                                    away from the cameras. He is com-                      ilies have to do who are living through
                                                              b 2045
                                                                                                    pletely out of touch with the American                 these disastrous policies of President
                                              Small business owners and families                    people. He can tell us stories about                   Biden and the Democrats that have
                                            have to make a budget and they have                     when he was in Scranton. That was                      caused them to lose 1 month’s income.
                                            to stick to it. It is time to restore fis-              back in the seventies. I was 8 years old                  Think about that, Madam Speaker,
                                            cal discipline in Washington, D.C. It is                when he came to Washington, D.C. So                    8.3 percent inflation. It is not a hard
                                            time to balance our budget.                             he can tell us stories from before I was               equation. I can write it on a chalk-
                                              Again, I thank the gentleman for                      8 years old.                                           board for the President. One divided by
                                            yielding to me, and I thank him for                        But he has been here for 50 years. He               12 is 8.3. So you have 1 year, there are
                                            hosting this. This is important. I don’t                ought to remember that the last time                   12 months in the year, that is 8.3. It is
                                            know what it is going to take to get                    we had this kind of inflation, President               not a hard equation, although they
                                            people’s attention short of a catas-                    Reagan was leading our great Nation                    don’t have a problem spending money.
                                            trophe, but I do know this: we cannot                   out of the disaster of the Carter years.                  President Reagan used to say that
                                            continue. We cannot continue on the                     It looks like President Biden has failed               you can’t accuse them of spending like
                                            route in which we are right now. This                   to learn from that history because                     a drunken sailor because at least the
                                            is intergenerational theft. We cannot                   those who fail to learn from history are               sailor is spending his own money.
                                            leave this to our children and our                      condemned to repeat it. Unfortunately,                    What they are spending is not their
                                            grandchildren.                                          the President is forcing all of us to re-              money. They are spending our chil-
                                              Mr. SMUCKER. Madam Speaker, I                         peat that history of runaway inflation.                dren’s money. They are robbing the fu-
                                            thank the gentleman from Georgia for                       During his interview, President                     ture from our children. Talk about tax-
                                            his comments. He has identified the                     Biden pushed back when pressed about                   ation without representation, regular
                                            problem and has some real solutions on                  inflation soaring to record highs argu-                order needs to be restored.
                                            how we can address this and how we                      ing that the month-to-month inflation                     When we talk about the plan we have
                                            can save the future for our kids and                    rate has remained steady at 8.3 percent                for balancing the budget, we are talk-
                                            our grandkids. One of the saddest                       compared to 1 year ago. I guess we are                 ing about elimination of waste and to




ctelli on DSK11ZRN23PROD with HOUSE
                                            things about this is that the idea of the               supposed to say thank you. But thank                   stop leaving a financial disaster for the
                                            American Dream is that every genera-                    you doesn’t put gas in the car, thank                  next generation. Those are the issues
                                            tion can do better than their parents                   you doesn’t put food on the table, and                 that really matter to the American
                                            and their parents before them, and we                   thank you doesn’t make sure that fam-                  people whom we all come here to rep-
                                            have seen that for centuries here in the                ilies can save for their children’s edu-               resent, the hardworking men and
                                            United States. That is at risk because                  cation.                                                women who have worked their entire



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                                            H7960                                             CONGRESSIONAL RECORD — HOUSE                                                   September 19, 2022
                                            life and those who get up and go to                     Act. I think a better title for it is the                Even more alarmingly, the Depart-
                                            work every day to earn a living to sup-                 Expensive Attempt to Distract Voters                   ment of Labor says that core inflation
                                            port their family.                                      Act. We know the bill will not cut the                 has increased in August over the
                                               I am committed to fighting for what                  deficit, and we know CBO has said that                 month of July and that real wages
                                            they believe is important, not what the                 the bill will have a tiny effect on infla-             have declined 3.4 percent on an
                                            Democrats and the President inside the                  tion. Penn Wharton Institute in my                     annualized basis.
                                            Beltway think is important. His poli-                   State estimates that the bill would in-                  What that means is that my con-
                                            cies are creating an issue with people                  crease inflation this year and next.                   stituents cannot buy the same quan-
                                            being able to take care of their family                   So how can you call a bill Inflation                 tity of the things that they need this
                                            and realizing the American Dream.                       Reduction Act if it doesn’t actually de-               year as they could last year, even if
                                               Madam Speaker, when you look at                      crease inflation?                                      they got a raise for the labor that they
                                            the energy policy, when you look at                       Then shortly after that, in fact, just               produced.
                                            the massive spending, and when you                      8 days later, you would think at some                    Madam Speaker, every single day I
                                            look at the President standing in Inde-                 point, Madam Speaker, the President                    hear of constituents who are desperate
                                            pendence Hall telling us that half the                  would stop the spending spree and that                 because of the results of this inflation.
                                            American people aren’t good, that is                    at some point there would be a connec-                 Imagine my embarrassment when I
                                            not how you lead a nation. That is not                  tion made with all of the spending, the                have to tell them that inflation was
                                            how you be responsive.                                  rising deficits and debt, and the rising               caused by actions of their own Federal
                                               Quite frankly, how we be responsible                 prices.                                                Government. Economists already an-
                                            is we listen, and we include the people                   But what did the President do just 8                 swered why we are experiencing this
                                            in the solutions and in the discussions,                days later?                                            inflation. It is a combination of several
                                            and we work to make sure that Amer-                       He unilaterally—we think unconsti-
                                                                                                                                                           things.
                                            ica is strong and safe and that our chil-               tutionally—but      unilaterally    spent
                                                                                                    more than half a trillion dollars on                                     b 2100
                                            dren have a bright future. That is our
                                            job, and I am committed to making                       blanket student loan forgiveness, much                   As our economy emerges from the
                                                                                                    of which went to high-income earners.                  pandemic, there has been an increased
                                            sure that I help all my colleagues here
                                                                                                    Madam Speaker, $500 billion, that is                   demand for goods and services, and a
                                            in Congress achieve that goal.
                                               Mr. SMUCKER. Madam Speaker, I                        half a trillion dollars. One constituent               constrained supply chain which re-
                                            thank the gentleman for his wonderful                   in my district went out and talked to                  stricts our ability to respond to that
                                                                                                    some workers in a foundry, and you                     increased demand. An economist will
                                            comments.
                                               One of the things that is most frus-                 should have heard what they said                       say that will make prices go up.
                                            trating about this is not only, as the                  about this bill, Madam Speaker.                          The other thing that has occurred is
                                                                                                      One of them said: Why should I or                    that this Federal Government has
                                            gentleman just mentioned, the admin-
                                                                                                    why should a plumber need to pay the                   dumped almost $5 trillion of excess
                                            istration doesn’t seem to understand
                                                                                                    tuition and the debt for a medical stu-                government spending into our economy
                                            the impact of their policies that have
                                                                                                    dent, maybe a graduate medical stu-                    over the last 18 months—$5 trillion. To
                                            led to these rising prices and the pain
                                                                                                    dent?                                                  give you an idea of how big that num-
                                            that he is causing for people in our dis-                 They are angry that they are being
                                            tricts.                                                                                                        ber is in context, normally our Federal
                                                                                                    asked. They are working hard every
                                               Mr. KELLER. Excuse me. If I may                                                                             Government only spends about $5 tril-
                                                                                                    day trying to deal with the rising
                                            jump back in.                                                                                                  lion in a given year. So we are increas-
                                                                                                    prices, trying to make ends meet,
                                               I don’t think he could do this by acci-                                                                     ing government spending by a rate of
                                                                                                    going back to work out of retirement,
                                            dent. Even to get things this bad, I                                                                           almost double that of the normal rate.
                                                                                                    and then the President comes along
                                            don’t know that you can do it by acci-                                                                         Madam Speaker, when that occurs, you
                                                                                                    and says: We are going to ask you to
                                            dent, quite frankly. It is an assault on                                                                       put even more pressure on goods and
                                                                                                    pay for the 16 percent of Americans
                                            American energy, and it is an assault                                                                          services, and that causes prices to in-
                                                                                                    who have student debt.
                                            on American jobs. I just wonder what                                                                           crease further.
                                                                                                      It makes absolutely no sense to them
                                            is going to happen when somebody has                                                                             Earlier this year, the San Francisco
                                                                                                    and makes no sense when you are try-
                                            an electric vehicle, they get home from                                                                        branch of the Federal Reserve Bank
                                                                                                    ing to implement fiscal policies that
                                            a long day’s work, they are told they                                                                          wondered why inflation was so much
                                                                                                    will tackle the rising prices and help
                                            can’t charge their vehicle, and their                                                                          worse here in the United States than
                                                                                                    the American people.
                                            child needs to be rushed to the doctor                    Madam Speaker, I welcome my next                     that experienced by other countries,
                                            or the hospital.                                        friend and colleague who is a fellow                   particularly in Europe. They did a
                                               When my son was 3 years old, he had                  member of the House Budget Com-                        study and several months ago they re-
                                            an accident. We got him to the hos-                     mittee, Mr. JAY OBERNOLTE of Cali-                     leased the results of this study, and
                                            pital, and they life flighted him to the                fornia. Mr. OBERNOLTE also serves on                   their findings were stark. They said
                                            trauma center. If we had run out of                     the Natural Resources and Science,                     that deficit government spending is at
                                            gas, he would have died.                                Space, and Technology Committees.                      the root cause of why inflation is so
                                               So do you know what, Madam Speak-                      We spent some time earlier this year                 much worse here in the United States
                                            er, I think maybe they need to think                    down at the border, which is another                   than it is in other countries.
                                            about Americans and Americans’ prior-                   catastrophe I don’t think we are going                   Madam Speaker, when the actions of
                                            ities which is their family and what it                 to be talking about tonight, but he has                government result in people paying
                                            means to have the American Dream. I                     been a wonderful Member of Congress.                   more—that is called a tax. Inflation in
                                            have benefited from living the Amer-                      It has been great getting to know my                 the United States represents an unseen
                                            ican Dream. A kid as poor as I was                      friend, and I appreciate his being here                tax paid by every single American fam-
                                            would have been labeled disadvantaged                   this evening.                                          ily. Unfortunately, this is a tax that is
                                            or at risk, but we didn’t let our govern-                 Madam Speaker, I yield to the gen-                   borne disproportionately by those who
                                            ment label us or anyone else. We                        tleman       from     California     (Mr.              can least afford to pay it—the impover-
                                            worked hard, and we realized the                        OBERNOLTE).                                            ished and the working poor in this
                                            American Dream. I just want that to                       Mr. OBERNOLTE. Madam Speaker, I                      country.
                                            be alive and well for future genera-                    thank the Member for yielding.                           I have an even deeper concern this
                                            tions.                                                    Madam Speaker, I stand deeply con-                   evening, Madam Speaker. Several
                                               So I will stop pontificating. I really               cerned today about the state of our                    weeks ago the Congressional Budget




ctelli on DSK11ZRN23PROD with HOUSE
                                            appreciate the opportunity to be here                   economy. Last week, the Department                     Office released their long-term fiscal
                                            this evening.                                           of Labor released the latest statistics                forecast in which they analyze the fi-
                                               Mr. SMUCKER. Madam Speaker, I                        for inflation in the United States. It                 nances of the United States over the
                                            thank the gentleman for being here.                     shows that inflation continues to occur                next 30 years. They do this every year,
                                               We talked about what they have re-                   here at a rate above 8 percent, a 40-                  and Congress, frankly, never pays at-
                                            ferred to as the Inflation Reduction                    year high.                                             tention. Madam Speaker, Congress and



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                                            September 19, 2022                                CONGRESSIONAL RECORD — HOUSE                                                                  H7961
                                            the American people need to start pay-                  Federal spending and control our def-                  a growing number of Members in Con-
                                            ing attention to what the CBO has to                    icit.                                                  gress concerned about this? Is there
                                            say.                                                      Madam Speaker, almost every year                     any hope? I would say that despite the
                                              The CBO says that our current na-                     in this Chamber multiple bills are in-                 current fiscal challenges that we face,
                                            tional debt stands at over $30 trillion.                troduced attempting to impose a bal-                   hope is not lost. We can ensure that
                                            If you do the math, that is over $90,000                anced budget requirement—sometimes                     America’s best days still lie ahead. I
                                            for every single American man,                          within our House rules, sometimes                      am optimistic that we can do that in
                                            woman, and child—over $90,000 each—                     within our Federal Constitution. I, my-                Congress.
                                            and that is today.                                      self, introduced a balance budget
                                                                                                    amendment last year in this Chamber.                                     b 2110
                                              The CBO says that right now our
                                            Federal Government runs a deficit of                      We try to do it in a responsible way                   Is there any hope? I would say that,
                                            about 30 percent of all Federal spend-                  that won’t disrupt the economy. We do                  despite the current fiscal challenges
                                            ing. That represents about 4 percent of                 it over a 5-year phase-in period. We                   that we face, hope is not lost. We can
                                            our gross domestic product. At the end                  allow for periods of fiscal emergency to               ensure that America’s best days still
                                            of the forecast period, the CBO says                    be declared in which the President,                    lie ahead. I am optimistic that we can
                                            that our deficit will nearly triple to 11               with the concurrence of Congress, can                  do that in Congress.
                                            percent of our GDP.                                     override the requirement that the Fed-                   Wouldn’t that be great if we look
                                              At that time, just paying interest on                 eral budget be balanced in times of                    back 20 years from now and were able
                                            the national debt will eclipse all of our               warfare and times of economic crisis.                  to say that that was the Congress that
                                            Federal spending on Social Security. It                   Madam Speaker, we must pay atten-                    began to change America and that
                                            will eclipse all of our Federal spending                tion to this problem. We must balance                  saved the future of America? We can do
                                            on Medicare. In fact, it will become the                our Federal budget. If we do not, not                  it if we decide that is what we will do.
                                            single largest expenditure of Federal                   only us but our children will pay the                    We simply cannot afford the contin-
                                            Government, requiring over half of all                  terrible consequence.                                  ued spending policies of this adminis-
                                            Federal tax revenue to pay—over half.                     Mr. SMUCKER. Madam Speaker, I                        tration. We can’t afford to continue on
                                            That is under the current fiscal condi-                 thank the gentleman for his wonderful                  this destructive, wasteful path. We
                                            tions.                                                  comments outlining the problem that                    can’t afford to delay and to kick the
                                              Ironically, the Federal Reserve Bank                  we are faced with here. It sounds like                 can down the road.
                                            is being forced to raise interest rates as              we are up here criticizing the adminis-                  We need to begin to seriously recom-
                                            a result of the inflation that this Fed-                tration—and certainly we are—but it is                 mit to fiscal responsibility by mean-
                                            eral Government has caused. Every                       far beyond that. I think to address a                  ingfully reducing spending and reduc-
                                            time the Fed takes the action that                      problem, whether it seems like an ab-                  ing deficits while investing in policies
                                            they are likely to take this week in                    stract problem or something that will                  that ensure growth. We need to reject
                                                                                                    happen in the future—to address the                    any increases to mandatory spending.
                                            raising the discount rate by three-
                                                                                                    problem we must first understand it                      Several other speakers mentioned
                                            quarters of a point, it increases the
                                                                                                    and recognize that the problem exists.                 this tonight, but we have budget rules
                                            cost of our interest payments on our
                                                                                                    The policies of this administration do                 in Congress that have simply been ig-
                                            national debt by $180 billion a year,
                                                                                                    not seem to understand that there is a                 nored for decades. We need to enforce
                                            which makes the problem even worse.
                                              In fact, the CBO says that if the Fed-                real crisis up ahead if we don’t take                  our own budget rules that this body set
                                            eral Reserve is forced to raise interest                steps now to change the trajectory.                    for itself and set for the Federal Gov-
                                                                                                      Madam Speaker, I have a chart here                   ernment and not simply look the other
                                            rates by 3 percentage points—and we
                                                                                                    beside me—and a few of the other                       way as we routinely pass bills increas-
                                            know that they have already gotten to
                                                                                                    speakers have mentioned this tonight—                  ing spending, increasing mandatory
                                            about halfway there—that by the end
                                                                                                    the amount of spending that this ad-
                                            of their forecast period, just paying in-                                                                      spending, by billions of dollars.
                                                                                                    ministration has incurred above the $4
                                            terest on the national debt will con-                                                                            There is a measure of our total debt
                                                                                                    to $5 trillion that we spend in the Fed-
                                            sume over 100 percent of Federal tax                                                                           that I think is worth looking at. Com-
                                                                                                    eral Government every year—this is an
                                            revenues.                                                                                                      pare it to our total economic output as
                                                                                                    outline of the major policies, starting
                                              In other words, Madam Speaker, we                                                                            a Nation or the gross domestic product.
                                                                                                    with the American Rescue Plan and on
                                            won’t even have enough money to pay                                                                            Currently, we are at about 130 percent.
                                                                                                    and on. Student debt is the most re-
                                            the interest on the debt that we have                                                                          Our debt is 130 percent of GDP.
                                                                                                    cent. $4.8 trillion in less than 2 years in
                                            rung up. That is unacceptable. This                                                                              That is projected to increase, as far
                                                                                                    office—$4.8 trillion.
                                            should be something that everyone in                      It seems like the response of this ad-               as we can project at this point, about a
                                            this Chamber is talking about because                   ministration to every problem is just                  trillion—we are 30 trillion now—in-
                                            what the CBO says is that sometime in                   to throw money at it, and it is money                  crease over a trillion per year under
                                            the next 30 years there will come a day                 we don’t have. The response is to print                the policies of this administration and
                                            of reckoning. The sooner it comes, the                  money and to take money to spend the                   previous administrations. That debt
                                            less painful it will be. It will be painful             money of our future generations. He                    will eclipse 185 percent of GDP by 2052
                                            no matter what we do, but if we wait it                 did this with the American Rescue                      on the current path.
                                            will be extremely painful.                              Plan—$1.9 trillion.                                      We know how it ends. Every country
                                              Madam Speaker, we must get our fis-                     At that time, Democrat economist                     in history that has spent more money
                                            cal house in order. The only way to                     Larry Summers said that was the                        than it had, that has overtaxed and
                                            solve this problem is to reduce our                     worst macroeconomic policy and a mis-                  overspent, has failed. It doesn’t end
                                            habit of deficit spending. Now, I know                  take that would end in double-digit in-                well.
                                            my colleagues on the other side of the                  flation. He ended up being exactly                       While we may think this is a problem
                                            aisle like to say this is an easily solved              right on that.                                         far in the future that future genera-
                                            problem. The problem is that we don’t                     His response to helping veterans re-                 tions can take care of, at some point,
                                            tax Americans enough. Well, the CBO                     covering from burn pits, which was                     we will see the devastating impact if
                                            had an answer to that, too.                             once a strong bipartisan policy that I                 we don’t change the trajectory.
                                              They said that over the next 30 years,                was proud to support—but his response                    If we don’t reverse course, we risk
                                            in their forecast period, average Fed-                  was to throw $667 billion in new man-                  the full faith and credit of the United
                                            eral tax revenues will be over 18 per-                  datory spending at the problem, ignor-                 States, which would put us under
                                            cent. That is a substantial increase                    ing bipartisan alternatives that were                  threat of a sovereign debt crisis and




ctelli on DSK11ZRN23PROD with HOUSE
                                            over the current Federal tax revenue                    responsibly paid for and doubling the                  economic fallout that we have seen
                                            over the last 50 years. In other words,                 fiscal impact of the VA in the process—                elsewhere in nations across the world.
                                            Madam Speaker, what we have is not a                    $4.8 trillion in less than 2 years in of-                It will take discipline. It will take re-
                                            revenue problem, we have a spending                     fice.                                                  ducing our spending. It will take in-
                                            problem. The only way we can get this                     So why are we talking about this to-                 vesting in progrowth policies similar to
                                            problem under control is to reduce our                  night? Why are some—more and more—                     those that we implemented just a few



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                                                         H7962                                         CORRECTION                                                CONGRESSIONAL RECORD — HOUSE                                                                                                                    September 19, 2022
                                                         years ago that created the booming                                                                                    cies, and puts our country back to a                                                               1230, the House stands adjourned until
                                                         economy that we had at that time.                                                                                     sustainable fiscal future.                                                                         10 a.m. tomorrow for morning-hour de-
                                                           I appreciate the comments of a num-                                                                                   We can do it, and we must do it for                                                              bate and noon for legislative business.
                                                         ber of my colleagues here. I appreciate                                                                               future generations.
                                                         the interest in this crisis. It truly is a                                                                              Madam Speaker, I yield back the bal-                                                               Thereupon (at 9 o’clock and 15 min-
                                                         crisis.                                                                                                               ance of my time.                                                                                   utes p.m.), under its previous order, the
                                                           I look forward to working with my                                                                                                                         f                                                            House adjourned until tomorrow, Tues-
                                                         colleagues to put forward a sustain-                                                                                                                                                                                     day, September 20, 2022, at 10 a.m. for
                                                         able, forward-thinking budget next                                                                                              ADJOURNMENT
                                                                                                                                                                                                                                                                                  morning-hour debate.
                                                         Congress that reduces Federal spend-                                                                                    The SPEAKER pro tempore. Pursu-


                                                                                                                                                   h
                                                         ing, implements those progrowth poli-                                                                                 ant to section 1 of House Resolution



                                                                                          BUDGETARY EFFECTS OF PAYGO LEGISLATION
                                                             Pursuant to the Statutory Pay-As-You-Go Act of 2010 (PAYGO), Mr. YARMUTH hereby submits, prior to the vote on
                                                         passage, the attached estimate of the costs of H.R. 1456, the Peace Corps Reauthorization Act of 2022, as amended, for
                                                         printing in the CONGRESSIONAL RECORD.
                                                                                                                                                                                   ESTIMATE OF PAY-AS-YOU-GO EFFECTS FOR H.R. 1456
                                                                                                                                                                                                                                                                                      By fiscal year, in millions of dollars—

                                                                                                                                                                                                                                                                                                                                              022–       022–
                                                                                                                                                                                                                                                          2022   2023   2024   2025   2026    2027    2028    2029    2030      2031   2032   2027       2032

                                                         Statutory Pay-As-You-Go Impact ...............................................................................................................................................................      0      0      1      1       1       1       1       1        1       1      3          6
                                                            Components may not sum to totals because of rounding

                                                             Pursuant to the Statutory Pay-As-You-Go Act of 2010 (PAYGO), Mr. YARMUTH hereby submits, prior to the vote on
                                                         passage, for printing in the CONGRESSIONAL RECORD, that H.R. 4009, the Enslaved Voyages Memorial Act, as amended,
                                                         would have no significant effect on the deficit, and therefore, the budgetary effects of such bill are estimated as zero.
                                                             Pursuant to the Statutory Pay-As-You-Go Act of 2010 (PAYGO), Mr. YARMUTH hereby submits, prior to the vote on
                                                         passage, for printing in the CONGRESSIONAL RECORD, that H.R. 6353, the National Service Animals Memorial Act, as amend-
                                                         ed, would have no significant effect on the deficit, and therefore, the budgetary effects of such bill are estimated as zero.
                                                             Pursuant to the Statutory Pay-As-You-Go Act of 2010 (PAYGO), Mr. YARMUTH hereby submits, prior to the vote on
                                                         passage, for printing in the CONGRESSIONAL RECORD, that H.R. 6734, the Keep America’s Refuges Operational Act of 2022,
                                                         as amended, would have no significant effect on the deficit, and therefore, the budgetary effects of such bill are estimated
                                                         as zero.
                                                              Pursuant to the Statutory Pay-As-You-Go Act of 2010 (PAYGO), Mr. YARMUTH hereby submits, prior to the vote on
                                                         passage, for printing in the CONGRESSIONAL RECORD, that H.R. 8453, the Upholding the Dayton Peace Agreement Through



                                                                                                                                                   h
                                                         Sanctions Act, as amended, would have no significant effect on the deficit, and therefore, the budgetary effects of such
                                                         bill are estimated as zero.



                                                               EXECUTIVE COMMUNICATIONS,                                                                                       Stat. 868); to the Committee on Energy and                                                         Protection Agency, transmitting the Agen-
                                                                          ETC.                                                                                                 Commerce.                                                                                          cy’s final rule — Air Plan Approval; Nevada;
                                                                                                                                                                                 EC–5233. A letter from the Director, Regu-                                                       Clark County Department of Environment
                                                           Under clause 2 of rule XIV, executive                                                                               latory Management Division, Environmental                                                          and Sustainability [EPA-R09-OAR-2022-0173;
                                                         communications were taken from the                                                                                    Protection Agency, transmitting the Agen-                                                          FRL-9702-02-R9] received August 30, 2022, pur-
                                                         Speaker’s table and referred as follows:                                                                              cy’s final rule — Renewable Fuel Standard                                                          suant to 5 U.S.C. 801(a)(1)(A); Public Law 104-
                                                                                                                                                                               (RFS) Program: Alternative RIN Retirement
                                                           EC–5230. A letter from the Associate Direc-                                                                                                                                                                            121, Sec. 251; (110 Stat. 868); to the Committee
                                                                                                                                                                               Schedule for Small Refineries [EPA-HQ-
                                                         tor, Regulatory Management Division, Envi-                                                                                                                                                                               on Energy and Commerce.
                                                                                                                                                                               OAR-2022-0434; FRL-9821-02-OAR] (RIN: 2060-
                                                         ronmental Protection Agency, transmitting                                                                                                                                                                                  EC–5237. A letter from the Associate Direc-
                                                                                                                                                                               AV72) received August 30, 2022, pursuant to 5
                                                         the Agency’s final rule — Pesticides; Certifi-                                                                                                                                                                           tor, Regulatory Management Division, Envi-
                                                                                                                                                                               U.S.C. 801(a)(1)(A); Public Law 104-121, Sec.
                                                         cation of Pesticide Applicators; Further Ex-                                                                                                                                                                             ronmental Protection Agency, transmitting
                                                                                                                                                                               251; (110 Stat. 868); to the Committee on En-
                                                         tension to Expiration Date of Certification
                                                                                                                                                                               ergy and Commerce.                                                                                 the Agency’s final rule — Expedited Ap-
                                                         Plans [EPA-HQ-OPP-2021-0831; FRL-9134.1-04-                                                                             EC–5234. A letter from the Director, Regu-                                                       proval of Alternative Test Procedures for the
                                                         OCSPP] (RIN: 2070-AL01) received August 17,                                                                           latory Management Division, Environmental
                                                         2022, pursuant to 5 U.S.C. 801(a)(1)(A); Public                                                                                                                                                                          Analysis of Contaminants Under the Safe
                                                                                                                                                                               Protection Agency, transmitting the Agen-                                                          Drinking Water Act; Analysis and Sampling
                                                         Law 104-121, Sec. 251; (110 Stat. 868); to the                                                                        cy’s final rule — Approval of Air Quality Im-
                                                         Committee on Agriculture.                                                                                                                                                                                                Procedures [EPA-HQ-OW-2022-0407; FRL-9834-
                                                                                                                                                                               plementation Plans; California; Ventura                                                            01-OW] received August 17, 2022, pursuant to
                                                           EC–5231. A letter from the Director, Regu-                                                                          County; 8-Hour Ozone Nonattainment Area
                                                         latory Management Division, Environmental                                                                                                                                                                                5 U.S.C. 801(a)(1)(A); Public Law 104-121, Sec.
                                                                                                                                                                               Requirements; Correction Due to Vacatur
                                                         Protection Agency, transmitting the Agen-                                                                                                                                                                                251; (110 Stat. 868); to the Committee on En-
                                                                                                                                                                               [EPA-R09-OAR-2018-0146; FRL-9681-01-R9] re-
                                                         cy’s direct final rule — Air Plans; Arizona;                                                                                                                                                                             ergy and Commerce.
                                                                                                                                                                               ceived August 30, 2022, pursuant to 5 U.S.C.
                                                         Revised Format for Materials Incorporated                                                                             801(a)(1)(A); Public Law 104-121, Sec. 251; (110                                                     EC–5238. A letter from the Associate Direc-
                                                         by Reference; Correcting Amendment [EPA-                                                                              Stat. 868); to the Committee on Energy and                                                         tor, Regulatory Management Division, Envi-
                                                         R09-OAR-2022-0230; FRL-9602-02-R9] received                                                                           Commerce.                                                                                          ronmental Protection Agency, transmitting
                                                         August 30, 2022, pursuant to 5 U.S.C.                                                                                   EC–5235. A letter from the Director, Regu-                                                       the Agency’s final rule — Air Plan Partial




sradovich on DSKJLST7X2PROD with CONG-REC-ONLINE
                                                         801(a)(1)(A); Public Law 104-121, Sec. 251; (110                                                                      latory Management Division, Environmental                                                          Disapproval; Commonwealth of Pennsyl-
                                                         Stat. 868); to the Committee on Energy and                                                                            Protection Agency, transmitting the Agen-                                                          vania; Reasonably Available Control Tech-
                                                         Commerce.                                                                                                             cy’s final rule — Air Plan Approval; New                                                           nology Regulations for the 1997 and 2008
                                                           EC–5232. A letter from the Director, Regu-                                                                          Hampshire; Boston-Manchester-Portsmouth                                                            Ozone National Ambient Air Quality Stand-
                                                         latory Management Division, Environmental                                                                             Area Second 10-Year Limited Maintenance                                                            ards [EPA-R03-OAR-2017-0290; FRL-10115-02-
                                                         Protection Agency, transmitting the Agen-                                                                             Plan for 1997 Ozone NAAQS [EPA-R01-OAR-                                                            R3] received August 17, 2022, pursuant to 5
                                                         cy’s final rule — Finding of Failure To Sub-                                                                          2021-0672; FRL-9558-02-R1] received August 30,                                                     U.S.C. 801(a)(1)(A); Public Law 104-121, Sec.
                                                         mit Regional Haze State Implementation                                                                                2022, pursuant to 5 U.S.C. 801(a)(1)(A); Public
                                                         Plans for the Second Planning Period [EPA-                                                                                                                                                                               251; (110 Stat. 868); to the Committee on En-
                                                                                                                                                                               Law 104-121, Sec. 251; (110 Stat. 868); to the
                                                         HQ-OAR-2022-0320;     FRL-9731-01-OAR]       re-                                                                                                                                                                         ergy and Commerce.
                                                                                                                                                                               Committee on Energy and Commerce.
                                                         ceived August 23, 2022, pursuant to 5 U.S.C.                                                                            EC–5236. A letter from the Director, Regu-                                                         EC–5239. A letter from the Chief, Regu-
                                                         801(a)(1)(A); Public Law 104-121, Sec. 251; (110                                                                      latory Management Division, Environmental                                                          latory Coordination Division, Department of




                                                   VerDate Sep 11 2014                     21:01 Sep 21, 2022                        Jkt 029060                PO 00000                 Frm 00078                Fmt 4634               Sfmt 0634            E:\RECORD22\SEPTEMBER\H19SE2.REC                         H19SE2


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