On the recordJune 3, 2011
Americans awoke this morning to the heartbreaking news that unemployment has increased to 9.1 percent. The U.S. economy added only 55,000 jobs in the last month. The American people are understandably concerned. But the numbers don't tell the tale. Beneath those numbers are literally millions of American families who meet this morning's headlines with heartbreak and heartache because the opportunities just aren't there. The truth is more government, more spending, more regulation, and more taxes of the recent past are stifling our recovery. But nothing is stifling our recovery more than runaway spending in Washington, D.C. Even as we speak today, Congress and this administration are locked in a debate over increasing the Nation's credit card, increasing the debt ceiling. And let me say from my heart, some people don't see the connection between the debate over debt and red ink and the debate over jobs, but they are related. If we will take the decisive step to put our fiscal house in order, we will restore confidence in capital markets, and businesses and individuals will invest in ways that will put Americans back to work. There should be no debt ceiling increase without real and meaningful cuts in the way we spend the people's money in the short term and the long term. Get spending under control in Washington, D.C., and we will get this economy moving again. ____________________





