As a business owner who's only been in Congress for 19 days, I know as a small business owner that if we want more jobs in our economy, we must be serious about spending cuts. Deficit spending in Washington is burdening future generations. Unborn Americans will have to pay for the benefits that we ascribe to ourselves. During the previous 2 years, Congress has added nearly $3.3 trillion to the national debt. Is it any wonder then that during the same time period our unemployment rate has skyrocketed from 7.8 percent to 9.4 percent? It's not. As a small business owner, when I don't have to pay higher taxes, I'm able to hire more people. When I don't have to pay higher taxes, I'm able to invest in more equipment and more services. Every dollar taken from me by the government means that I have to go out and earn $2 more just to break even. That's why I offered the amendment in the Rules Committee for spending even less, even less than the 2008 levels. 2008 levels are just a start. And we need to go much deeper than that. I support this rule.
Editor's note · Context
The speaker addresses the need for spending cuts to create jobs and reduce national debt.
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