The House passed unprecedented legislation tonight. We passed a bill that put unprecedented limits on our President to act to protect our nation, to invest in our futures and to safeguard our poor and our vulnerable. I opposed this bill because it fails to take a balanced approach to how we set our nation's priorities. This bill totally fails to address the urgent and most pressing crisis in the country: the lack of jobs and economic growth. At a time when investments are needed to jump start our economy and put people back to work, I believe this deal and its cuts-only approach is the wrong approach. Should we, as Members of Congress, closely guard our nation's tax dollars and work hard to cut waste and to make sure that every program that we fund is necessary and helps the most Americans possible? Of course we should and I believe that we all work hard to do so. But, let me be clear, what we have is a revenue problem. We would not have needed to raise the debt ceiling if Republican's did not ram the Bush tax cuts down the throats of the American People. Let me be very clear. Tax cuts do not pay for themselves and they do not create jobs. The Bush tax cuts created the deficits that my Republican colleagues decry and there were no new private industry jobs created during the entire Bush Administration. Let me be crystal clear.…
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