Steve Scalise: “I am very encouraged that so many people across this country have started to really look at this bill closely and to…”

“I am very encouraged that so many people across this country have started to really look at this bill closely and to recognize that, in fact, the bill that has been moving through the legislature here in Congress in the last few weeks is not, in fact, a stimulus bill. It is a massive spending bill, a bill that really will not do much to help get the economy started. The Congressional Budget Office reports, of course, show that very little of this money will go into the economy, but what it will do is add a massive additional national debt to a debt that is already over $11 trillion. We are already hearing that this bill is already approaching $900 billion. Some reports show over $1 trillion. In addition, the budget that is going to be presented in just a few weeks by President Obama is expected to be $1 trillion out of balance. All of this money that would be added to the national debt could add over 25 percent in 1 year to the total national debt of this country, whether or not it would actually provide stimulus to the economy. Most reports show it would not create any jobs. What it would do is increase inflation, devalue the dollar and put a tremendous burden on our children and grandchildren.”