Political Quotes

“reserving the right to object, I would like to first respond to the Senator from Oregon about the economic news: yes, on an annualized rate from the downturn in the second quarter, 9.5 percent. But again, I pointed out, respectfully, that economists are predicting a shrinkage of GDP 4.6 and 8 percent because we are in recovery. The employment has dropped by 10.5 percent. We have already passed $2.9 trillion. We haven't spent $1.2 trillion of that at least. So we haven't spent $1.2 trillion. Yet our Democratic colleagues want to pass a bill that costs $3 trillion. We are already $26.5 trillion in debt by the end of this fiscal year. That would be approaching $28 trillion. They want to pass a bill by unanimous consent for $3 trillion when we haven't spent $1.2 trillion of the $2.9 trillion we have already passed. That massive amount would represent 27.5 percent of our economy, when economists are saying it will shrink by probably no more than 7 percent or 8 percent. We don't need to authorize more money. What we need to do is help the American people who are unemployed. I know the minority leader called that stingy. The offer we are making--the $200 flat payment--does not provide an incentive to stay unemployed. It replaces more than 100 percent of people's wages for 20 percent of the people currently unemployed--a 100-percent wage replacement for 20 percent. That is according to a study by the University of Chicago.…”