The publication is reproduced in full below:
PRESIDENT BIDEN'S INFLATION
(Mr. WILSON of South Carolina asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)
Mr. WILSON of South Carolina. Mr. Speaker, Tuesday was a media alarm. The biased Washington Post reported accidentally in The State newspaper that ``Joe Biden's free spending could ignite inflation that would outstrip wage gains.'' The President's $6 trillion spending spree of borrowing and taxing will burden the youth of America with debt and threaten the savings of older Americans with a worthless dollar.
Already, The Post and Courier of Charleston reprinted how lumber costs in the average house have skyrocketed $36,000 this year, undermining homeownership. The Wall Street Journal revealed used cars have hit a record of over $25,000 which denies many the ability to purchase a car.
The New York Stock Exchange suffered a staggering loss of nearly 500 points as inflation was clearly being pushed by the outrageous spending schemes of President Biden destroying jobs.
I appreciate the courageous leaders, like Ambassador Nikki Haley, who are standing up for America. She has sent me a symbol of the consequence of borrowing and taxing which we see in Venezuela: the 100 Bolivar note which is now worth less than a dime.
In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism.
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SOURCE: Congressional Record Vol. 167, No. 83
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