On the recordJuly 20, 2011
I thank my colleague for his kind remarks. I have to say that not only would it not impact it, but it would impact a lot of jobs. I remember when we did the so-called yacht tax back in the early 1990s, the left thought that was a wonderful thing. We got after all these rich yacht owners. When they found out that thousands and thousands of jobs were lost because of that bill, they immediately turned tail and got rid of the bill pretty quickly. What we haven't said is we are assuming the $13 trillion is going to stay the same. Actually, in the next 10 years there is a good chance it will double to over $20 trillion and possibly as high as $25 trillion or $26 trillion the way this administration is spending. Frankly, we are going to have a very difficult time ever coming out of this hole we are in right now. All I can say is I like the President personally, but he hasn't presented a program. He is calling on Congress to do it all, and we have our various problems here in getting together, but he hasn't led out on these programs, and neither have the other people down at the White House. In fact, one of the problems is I can't name one person at the White House who has ever created a private-sector job. And let's face it, they are good at creating public-sector jobs, but they are not very good at creating private-sector jobs.…





