Paul Tonko: “Well, what else reduces the deficit? Putting people to work. Putting people to work, the American Jobs Act. Plain and…”

“Well, what else reduces the deficit? Putting people to work. Putting people to work, the American Jobs Act. Plain and simple: It's about addressing the deficit and providing for the dignity of work and the enhancement of services that strengthens the fabric of our communities, our States, our Nation. So, the American Jobs Act, according to experts, is a phenomenal plan. We've heard the Republicans say we have some 30 bills that are about growing the economy and producing jobs when, in fact, when put under the test, when reviewed by some very sound organizations out there and professional economists and analysts, they said it would do precious nothing. That it was not the formula. It's not what the doctor called for, if we can stay on that health-care related theme. But the American Jobs Act, well, listen to some of the experts. The chief economist at Moody's Analytics--who, by the way, Mark Zandi, was the former economic advisor for Senator John McCain--what does he theorize? That anywhere from 1.9 million to 2 million jobs would be the outcome of the American Jobs Act, something that not only produces the jobs, but would reduce the unemployment rate by at least 1 percentage point. That's a major significant factor. What also happens is that, when you produce those 2 million jobs, you're addressing the GDP by at least 2 percentage points.…”