Chris Chocola: “last week, Congress received some troubling economic news. The unemployment rate is now at 6 percent. That news ought to…”

“last week, Congress received some troubling economic news. The unemployment rate is now at 6 percent. That news ought to send a clear signal to members of this body that we need a strong economic recovery plan. You see, when the economy grows, somebody is more likely to find work. Therefore, we ought to be asking the questions: How do we encourage economic growth? What can this Congress do to promote job creation here in America? The other day I was speaking with someone who doesn't agree that cutting taxes are a good thing. They expressed to me their concern that if we continue to cut taxes that we will only continue deeper into deficits. They said, "Aren't you at all concerned about deficits?" I responded that of course I was concerned and there are three proven steps we can take to control them. I said, "The way I see it, there are three things we can do to control deficits--we can either raise taxes, control spending, or cut taxes." I asked if they were in favor of raising taxes. Of course not, was their immediate response. I then asked, which programs do you want to significantly cut to control spending. They responded they couldn't think of anything that should be cut. I then said, well, you have to be for cutting taxes. It's the only other option for controlling deficits.”