On the recordFebruary 13, 2009
we all recognize the need to get the people of our country back to work. Americans are hurting and they are looking to Washington for leadership. Borrowing and spending got us into this problem, and more borrowing and spending will not solve it. Presidents Kennedy and Reagan cut taxes across-the-board, allowing families and small businesses to decide how to spend their money, instead of government. President Carter used this spending approach, and it didn't work. This bill will cost every American household at least $7,000. Some constituents have told me, ``I might get a thousand dollars back.'' However, creating $7,000 in debt for $1,000 now is a bad deal at best. This is twice as big as the New Deal, and that was over ten years. This is one bill. Every dollar in this bill is borrowed, adding more than a trillion dollars to our national debt at a time when we are already overloaded with the financial bailout and our long-term Social Security and Medicare obligations. This spending will ultimately be paid by our children and grandchildren, and that is generational theft. I desperately wanted to support a bipartisan bill that will help put Americans back to work. But this bill has turned into a grab-bag that will not stimulate anything but government. There's $2 billion in this bill for a wasteful pro-foreclosure program, rewarding partisan action groups like ACORN.
Source
govinfo.gov




