Marcy Kaptur: “The Republican majority has once again proven its complete irresponsibility by putting our economy at risk in handling…”

“The Republican majority has once again proven its complete irresponsibility by putting our economy at risk in handling our Nation's finances. A little over a decade ago, there were projected surpluses as far as the eye could see. The Nation had achieved a firm financial footing. That was before the George Bush administration and the Republicans took us on a spending spree, paying out trillions in huge tax cuts, skewed to--guess who?--the top 2 percent, the wealthy, whose investment decision then killed jobs in our country. The last month that George Bush was in office, we lost over 700,000 jobs just in that month. The Bush Administration plunged the Nation during that decade into two wars they refused to pay for. History tells the story. Then came the big economic collapse of 2008 during the Bush Administration that included a loss in Federal revenues, which followed the largest economic downturn since the Great Depression, due to George Bush's capitulation to Wall Street abuse. Now, Republicans claim to care about the Federal deficit? Well, yes, revenues have shrunk by about $400 billion a year because of the financial crisis they created we're trying to dig ourselves out of. Spread out over 10 years, that covers the, roughly, $4 trillion we're trying to eke out of this sick economy to pay down our debt.…”