The publication is reproduced in full below:
BIDEN INFLATION HIGHEST IN 40 YEARS
(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, the Bureau of Labor Statistics reports that the October Consumer Price Index has increased 6.2 percent in a year with Biden inflation. Annualized, this means inflation is going to be 7.4 percent, which would make it the highest rate since 1982, the highest rate of inflation in over 40 years.
At the same time, in 7 of the last 9 months, real wages have fallen and workers lost 2.6 percent of their salaries by the end of the first Biden year. Biden and the Democrats are accelerating inflation with insane spending bills, which now total over $5 trillion.
Democrat elite think they are smarter than anyone, and they think Democrat voters are ignorant to believe $5 trillion in spending costs zero dollars. You pay with Biden inflation.
In conclusion, God bless our troops, who successfully protected America for 20 years as the global war on terrorism continues moving from the Afghanistan safe haven to America.
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SOURCE: Congressional Record Vol. 167, No. 199
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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