On the recordApril 24, 2013
I thank my dear friend from New York, the ranking member of the Rules Committee. Madam Speaker, I urge my colleague to oppose the previous question so we can bring up a proven jobs bill for consideration, rather than rehash the same old critiques for the 36th time on the Affordable Care Act. Just last week, the head of the Federal Reserve Bank of Boston warned that if job creation doesn't pick up soon, we run the risk of long-term unemployment becoming a structural rather than cyclical problem within our economy. Despite more than 6 million new jobs being created in the last 4 years, the lingering effects of the Great Recession continue to be a drag on the labor market. Unemployment in the construction sector, particularly, is nearly double the national rate, with hiring down 2 million from its peak in 2006. I have introduced the Put America Back to Work Act, H.R. 535, which would permanently reauthorize the successful Build America Bonds program at a more revenue-neutral rate. In just 2 years, that program, Madam Speaker, supported $181 billion in community infrastructure projects in every State of the Union and created thousands of new jobs. Every dollar of Federal investment leveraged $41 in private sector funds to help our State and local governments recover and construct the needed infrastructure throughout the country.…





