Political Quotes

“Madam Speaker, while deliberations continue on dealing with our $14.3 trillion debt and while deliberations continue on raising the debt ceiling, Americans are very concerned about where we're going. June unemployment at 9.2 percent and a growth of only 18,000 jobs translates into a meager 360 jobs per State. Now, when you look at how many high school students graduated in June, that's 3.7 million. Colleges graduated 1.7 million. Those 360 jobs barely equal the size of a typical large American high school graduating class, and certainly barely covers students at one typical college per State with a typical major. No wonder Americans are worried about our economy when so many youth are entering the job market only to find there are no jobs. So while our leaders on both sides of the aisle are deliberating-- and, unfortunately, too much of this immediately becomes a battle of words--let's keep in mind that one way to balance America's budget, one very important way to deal with America's debt, is to grow jobs. For each 1 percent decline in unemployment, it's $90 billion per year in Federal revenue. That's a decrease in unemployment compensation. That's an increase in Federal revenues. That's 1.5 million jobs for every 1 percent decline in unemployment. Let me quote our colleague from across the building here, Senator Rubio, who said: This is not about increasing taxes; it's about increasing taxpayers. And this could do it.…”