Jerry Moran: “We have never cut our way out of an economic recession. We have always grown our way out. But we have never grown our…”

“We have never cut our way out of an economic recession. We have always grown our way out. But we have never grown our way out by investing less than 15 percent of our GDP in our people's potential. In fact, the last time we cut back in the way we are about to do today was in 1937, and that sent us right back into an economic depression. But this time, we're not going to have World War II to rescue our economy. It's interesting to note that the Federal investment in homeownership and higher education for our returning GIs and the subsequent infrastructure investments and interstate highway system and the like created a permanent middle class after the war that lasted for two generations. But the middle class has never been more threatened than it is today, and this will condemn those struggling to make it into the middle class to years of struggle without the help that we could, and should be providing them. And it's not because we're a poor country. Our largest corporations are experiencing record profits. The top 25 hedge fund managers are making more than a billion a year. Our corporations are sitting on more than $2 trillion of cash. The SPEAKER pro tempore. The time of the gentleman has expired. Mr. McGOVERN. I yield the gentleman 20 additional seconds.”