Congressman Bill Shuster released the following statement after the Department of Labor released its May jobs report, which showed that unemployment increased to 9.4 percent – the highest unemployment rate since 1983, a quarter century ago:
The unemployment rate has now exceeded the estimate of President Obama’s chief economist who said that unemployment would only hit 9 percent if Congress failed to pass the trillion dollar stimulus plan. Congress passed the stimulus four months ago and jobs continue to be lost across the country.
Today’s unemployment rate is a painful reminder that jobs will not be created in the private sector when the public sector follows a path of reckless spending, higher taxes and burdensome regulation. 2.5 million Americans lost their jobs this year. Those who still have a job are watching their Congress squander their tax dollars on a trillion dollar stimulus that hasn’t created jobs, $400 billion on a bloated omnibus bill and billions more taking over General Motors.
There is a better way to rebuild our economy than soaking the middle class through deficit spending and higher taxes. We need to get government out of the way of our recovery. I support my Republican colleagues who want to cut taxes, curb spending, control the debt and help Americans save more of their money.