John Spratt: “quickly let me commend to the gentleman's reading an excellent piece of work done by the Joint Economic Committee staff…”

“quickly let me commend to the gentleman's reading an excellent piece of work done by the Joint Economic Committee staff called an Economic Policy Brief, and in particular to page 8, because if you will turn here, we will see that the JEC staff have run these same numbers through several established mathematical economic models, including two that are used prominently by the White House. According to these models, the Democratic alternative will add 1.6 percentage points to GDP growth in 2003. The Bush alternative, at six times the cost, would yield 1.1 percent growth. Our proposal would yield or generate 1,122,000 jobs. Theirs, at six times the cost, would generate 600,000 jobs. If you go down to economy.com, you will find the same results. Our proposal generates, according to their model, 1,150,000 jobs for a $138 billion impact this year; theirs, for $726 billion, generates 640,000 jobs.”