On the recordApril 14, 2011
Mr. Chairman, for the last several weeks--and my guess is for the next couple of days--we will be hearing a lot of things from our colleagues across the aisle about the relationship between cutting spending and jobs. They have taken the position from the very beginning that if we cut government spending, we are going to lose jobs. We heard earlier this evening my esteemed colleague from Maryland talk about the Zandi report that suggested that maybe if we cut $60 billion from the budget--as we did in the CR, H.R. 1, a few weeks ago-- that that would cost us somehow 500,000 jobs. I've seen a similar report suggesting that that same $60 billion cut would shave 2 percentage points off of GPD. Mr. Chairman, those numbers sort of expose the absurdity of the Democrat argument. If you took those same numbers and applied it to the $800 billion stimulus program, that $800 billion stimulus program should have created or would have created over 6.5 million jobs and added 26 percent to the GPD. It's just wrong. It's misleading. I think for the first time maybe in this generation the American people are starting to accept the fact that government spending does not create jobs. We've seen it. It was an expensive lesson for us to learn as a Nation, but we are learning it. If government spending created jobs, then I wouldn't have 15 percent unemployment in my district.…





