On the recordMarch 7, 2013
To wrap up and put this into perspective, Federal spending has increased nearly 20 percent since 2009. Sequestration, the across- the-board spending reductions which will occur under the sequester, amount to a reduction of 2.4 percent out of a $3.5 trillion budget. Even with the sequester, the government will spend more this year than it did last year. I would hope the President would begin to be honest with the American people about the impact of his tax hikes, his spending, and new regulations are having on our Nation's economic growth and recovery; more important, coming to the conclusion and being honest with the American people about that, change his policies; actually come to a conclusion based on what we have seen, 4 years of his policies, which is slow growth, and a .8 percent economic growth on average for the past 4 years. There is also, as I said before, high unemployment, chronic unemployment--which is still around that 8-percent level--and massive amounts of new debt we are piling on the backs of future generations. Not only do we need the President, in terms of his rhetoric, to be honest with the American people, we need him to change his policies and take an honest look at the relationship between spending and economic growth. This shows the sequester will not have long-term negative impacts on the economy.…





