On the recordMarch 7, 2013
Mr. President, I come to the floor to speak about spending and its impact on economic growth. I think it is important Washington closely considers the true impact Federal spending and our soaring national debt are having on economic growth. Over the past few weeks, the White House and the President have been out campaigning across the country and making statements aimed at causing fear and anxiety about the sequester. The White House has painted the sequester--which, keep in mind, amounts to just 2.4 percent of all Federal spending--as something which would lead to an economic disaster in this country. The White House attempts to cause fear and anxiety have fallen flat. What is more, many of the claims which were made were simply false. In fact, the critics agree. Bill Keller wrote in the New York Times: ``The White House spent last week in full campaign hysteria.'' The Washington Post issued four Pinocchios with regard to false claims made by Education Secretary Arne Duncan about the sequester's impact on teachers' jobs. The National Journal states: ``The White House's strategy to exaggerate the immediate impact of the cuts has backfired.'' In Politico: ``For all the hype, spin and blame exchanged over the across-the-board cuts, the reality is they don't mean the sudden economic collapse of America.'' It is important to see the sequester in its overall context.…





