The publication is reproduced in full below:
AMERICANS SHOULD NOT EXPECT LESS
(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, James Freeman of the Wall Street Journal on October 19 wrote an editorial on how Americans should not be complacent living with less, as jobs are destroyed while inflation accelerates:
``Selling the Joe Biden-Bernie Sanders era of scarcity won't be easy. And it's going to get much harder if the President and his legislative coauthor enact their massive new plan to discourage productive labor.
Examining the House version of the plan, economist Casey Mulligan estimates that by reducing the incentives to work, the bill's planned expansions of Federal benefits will cost nine million jobs.
Already, the COVID-era combination of astronomical government spending and money creation has resulted in too many dollars chasing too few goods.
Generations of them, American consumers, built the largest economy in the world and various online commenters have suggested a slogan for Democrats running in 2022: Expect Less.
In conclusion, God bless our troops, who successfully protected America for 20 years, as the global war on terrorism continues moving from Afghanistan to America.
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SOURCE: Congressional Record Vol. 167, No. 185
The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.
House Representatives' salaries are historically higher than the median US income.
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