On the recordJuly 20, 2005
in spite of all of what the pessimists have said, and regardless of what the mainstream media reports, the economy has greatly improved. The facts are plain and simple. Our Nation is producing more, and our government is spending less. The estimated Federal budget deficit is $94 billion less than the earlier prediction, and we have had 14 consecutive quarters of economic growth. House Republicans have faith in America's ability to grow our economy, and we look to the future with confidence. Our job in Congress is to hold the line on spending. And the unemployment rate has fallen to 5 percent, the lowest since September 2001, with nearly 4 million new jobs created in the last 2 years alone. Sustained job growth, falling deficits, low interest rates and a booming housing market: America's economy is robust and getting stronger. With fiscal responsibility and passing pro-growth bills, including the death tax repeal and legal reform, we continue to show our commitment to growing America's economy. But there is still work to do. I am hopeful that Congress will approve the highway and energy bills which will add new jobs to the economy, help improve our roadways, and decrease our dependence on foreign oil. ____________________
Source
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