I thank my friend for yielding. Mr. Speaker and colleagues, as the Congress meets for the first time in 2012, the people of the country are burdened by a deficit of jobs, a deficit in our Federal budget, and a deficit of hope that things could get better. {time} 1250 It is our responsibility to work together to try to make them better. Now, to reduce the deficit of the country, yes, you should restrain spending. The parties came together in August and passed--with about half of each party voting for it--a deficit-reduction plan that cut spending in our departments by about 5 percent each, made reasonable reductions in defense spending and some reasonable reductions in social problems. We should keep those reductions on the books. We think that in reducing the deficit, that the very wealthiest and most successful in American society should have to pay a little bit more of their fair share. Not everyone agrees with that, but we think that is an important part of reducing the deficit. But by far the best way to reduce the deficit is to create jobs for the people of this country. You have a hard time creating jobs when there is a deficit, but you have an impossible time of reducing the deficit when there are no jobs. 132 days ago, the President of the United States came to this Chamber and put forward four good ideas to create jobs in this country. First, he said that we should cut taxes for middle class and working Americans.…
On the recordJanuary 18, 2012
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