High Inflation is Caused By High Spending

Floor Speech

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Mr. GROTHMAN. Mr. Speaker, we all know that inflation is the big topic on people's tongues nowadays, but what we can't let people forget is that high inflation is caused by high spending.

Now, what did Congress do after returning to this floor this week and spending the weekend hearing people complain about high gas prices, but even more high housing prices, high food prices? They passed the CHIPS bill today for $76 billion.

Now, I know why they thought they could vote for a $76 billion bill. They thought the public wouldn't know the difference between $76 billion and $76 million. $76 billion is $230 for every man, woman, and child in this country. If you are a family of four, Congress just spent $1,000 of your money and didn't think anything about it.

Now, the other thing that bothers me about it is, I like to look out for the average guy. Who owns these chip companies? The uber wealthy. Seventy-six billion dollars toward the uber wealthy and corporate welfare.

A lot of people think the majority party likes to freely spend money for welfare, for the people who don't work. And that is true; they do. What is not as known is they love to spend money on the uber wealthy as well.

Every newspaper in the country ought to have a banner headline in the morning: ``$76 billion spent again by Congress.''

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