I will be voting ``no'' on this legislation. Over the next few minutes, I would like to share my concerns about this bill as it is currently written. The President, whom I respect a great deal, is a fine salesman. But as I have said on more than one occasion, facts are stubborn things. The fact is that this stimulus package does more to promote the growth of the Federal Government than it does to create jobs or to stimulate our economy. The fact is there are 104 government programs in this legislation that are being permanently expanded. This includes 31 new government programs and permanent expansions to 73 existing programs. Taxpayers will pay for these programs well into the future. Of the total funding in this package, $190 billion--or 61 percent--is devoted to increasing the size of government. Only $122 billion--or 39 percent--is for a temporary one-time infusion of money into 98 Federal programs to stimulate the economy. Again, these are the facts. The interest on this new spending alone will cost no less than $350 billion. And, if all of the new spending in this bill is carried forward in the future years, Federal nondefense budgets will have to increase by at least 42 percent each year.
Jerry Lewis: “I will be voting ``no'' on this legislation. Over the next few minutes, I would like to share my concerns about this…”
Editor's note · Context
Opposing the President's $790 billion economic stimulus package during House debate.
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