On the recordJuly 20, 2011
They want to go to work. They want an invest, grow, and build policy--not a cut, slash, and burn policy, but an invest, grow, and build. They want to invest, as you say, in education. They want their kids to have an education. They want to build the infrastructure. And they want to see the economy grow. But I'll tell you what happens when you start cutting, slashing, and burning. Here's what happens: If you take a look at the American economy, beginning in December of 2009, just start right there, just say that's the equilibrium point--wasn't a good day at all in America, a lot of jobs were not available. But we've seen 2.8 million jobs created in the private sector, okay. Simultaneously, we have seen cut, slash, and burn at the Federal level, as the Republicans have taken control and put in their continuing resolutions and reduced the Federal budget--and at the State level, and we've seen 378,000 jobs lost in the public sector. These are police, firemen, teachers, people that are out there making sure that our food is safe, and so forth. So the reality is, we're seeing the government jobs go down. For every 100 government jobs that are cut, 30 private sector jobs are lost because those people depend upon the payroll from those government jobs. The Simpson Bowles deficit commission said it very clearly: This is a long-term problem. We need to solve the deficit over the long term.…
Source
govinfo.gov




