Jerry Moran: “We can't cut our way to national prosperity. Since President Obama took office, private sector employment has steadily…”

“We can't cut our way to national prosperity. Since President Obama took office, private sector employment has steadily grown; but largely due to misguided priorities of many Republican officeholders, public sector cuts have offset that private sector job gain. In fact, the States that took the most severe hatchet to their State budgets have lost the most jobs and faced a more severe economic downturn. But the States that increased spending in the public sector saw real and steady economic growth since the recession began. According to a study by the Center for American Progress, that's because there's a corresponding increase in the private sector when we pursue a responsible policy of investment in the public sector. Some States have, in fact, slashed their way into a deeper economic slump. Yes, big cuts in public spending do have an immediate effect on the quality of life; but it's worse if in addition to affecting our quality of life, we are actually making the national employment situation much worse. There's abundant data to support that conclusion. Mr. Speaker, the fact is that President Obama's jobs bill invests in teachers, cops and firefighters because he knows that that investment will stimulate more private sector capital investment in our communities. That's why it should be passed. ____________________”