On the recordMarch 3, 2010
Amendment No. 3360 is simple. It contains all of the extensions in the Baucus substitute, but rather than adding over $100 billion in cost to the deficit and debt, which the Baucus substitute does, my amendment pays for the spending in this bill by rescinding unspent stimulus funding. My colleagues on the other side of the aisle have stated repeatedly that CBO considers money spent on extending unemployment benefits to be one of the best kinds of stimulus because the people who receive it are likely to immediately spend it. So let's redirect money from an ineffective stimulus bill in which some of the funding won't be spent until fiscal year 2013 or beyond. Let's stimulate the economy now and prevent a massive increase in the debt at the same time. I am having a hard time understanding why some Senators believe stimulus funding is so sacred. Was the stimulus brought down from the mountaintop by Moses? If that is the case, why did the majority raid stimulus money to pay for an extension of cash for clunkers? I will be the first to admit that neither side of the aisle has clean hands when it comes to out-of-control spending. We can't control what was done in the past, but we can control what happens today. It is time to take a stand--a stand for our children and grandchildren so they won't have to pay back trillions more in debt. I am tired of China holding the mortgage on our country.
Said by
Jim Bunning
Source
govinfo.gov