Shuster speaks out against the Democrats' stimulus plan
Moments ago, Congressman Shuster delivered a one minute speech on the House floor objecting to the Democrats' stimulus bill. His remarks are posted below:
President Obama said that something must be done to stimulate our economy and I wholeheartedly agree. Unfortunately my colleagues on the other side of the aislemust have thought President Obama said, “Spend a trillion dollars of our children’s and grandchildren’s money on programs that drive up the national debt and do little to stimulate our economy.”
The fact is, little of the dollars spent in the Democrats’ stimulus actually create jobs. For every $1 billion spent on infrastructure, upwards of 30,000 new jobs are created. But the Democrat bill only directs 10 percent of the stimulus bill towards this proven job creator.
Instead of accepting a bill that is long on waste and short on substance, House Republicans have an alternative that provides lasting long-term tax breaks to help hard working families, home buyers and small business through these difficult times.
Basic economics teaches us that this high level federal spending will dramatically increase inflation. Madame Speaker, the American people do not need Congress to add to their list of economic problems. We must address the true problem at hand and fix our economic crisis – not quench the Democrats’ thirst for more big government.
The Republican approach will work to pull our economy out of recession. It’s time to put politics aside and put Americans first. It’s time to adopt the Republican alternative.