On the recordFebruary 15, 2011
I thank the chairman for yielding time to me to address the issue today with regard to unspent, unobligated stimulus money. Two years ago, this Congress voted to spend nearly a trillion dollars of stimulus money. They said that we could borrow and spend our way to prosperity. Well, 2 years later we are well aware that borrowing and spending doesn't lead to economic prosperity, growth and sustainable jobs. We know it comes from the private sector--people who invest in their businesses and ideas. And from there, they expand and grow. That's how we create jobs in this great country. Now we are stuck with a $14 trillion debt. This year, we're going to borrow $1.5 trillion. More borrowing, more spending, is going to lead to job-crushing taxes and passing this debt on to our next generation. It's unacceptable. I am encouraged that we are working on sending all unobligated stimulus money back to the Fed so we can pay down our debt.
