On the recordFebruary 26, 2013
Mr. Speaker, there are just 3 days before $85 billion in harmful across-the-board spending cuts take effect. And here we are again, with an all-too-familiar manufactured crisis poised to strike our economy with another self-inflicted wound. Month to month, crisis to crisis, this is no way to run the world's largest economy. Letting sequestration happen is not responsible government. The sequester was designed last year to scare Congress into responsibly reducing the deficit. It created a doomsday scenario: draconian damaging cuts--disliked by both parties--intended to force Democrats and Republicans to come up with a balanced alternative to reduce our deficit. Sequestration cuts are not targeted to eliminate waste or unnecessary programs. Rather, they slash programs across the board, regardless of their effectiveness. This threatens our economic progress, jeopardizes our military readiness, and reduces funding for national priorities like education and medical research. Mr. Speaker, sequestration would be devastating for Michigan and our Nation's economy. The sequester eliminates jobs at a time when Congress should be working to create them. Our country has been moving in the right direction: 35 straight months of private sector job growth; 6.1 million private sector jobs created. There's no doubt we can do more to grow our economy and the middle class, and letting sequestration happen is a giant step backward for our economy.…





