Cong. Lamar Smith on the Presidents Stimulus Speech Take II a Balanced Budget Amendment & the Economic Outlook

width=212Texas Insider Report: WASHINGTON D.C. The National Debt has increased almost 40 under this Administration. That is whats riveting our attention. Thats why I hope we hear no more talk about raising taxes from this Administration ... Taxes not once in the history of this country have created one job. I hope the Super-Committee reigns Federal Spending in. Their job is to cut $1.5 trillion in Federal Spending over the next 10 years ... were proposing to cut almost a whole years worth of a budget over the next 10 years which is not enough but its a start. width=241Thats in addition to the $900 billion in cuts we passed (as part of the Debt-Ceiling vote a couple months ago. We need to get our Fiscal House in order. They cant afford to fail and thats why I think theyll succeed."

Cong.Lamar Smith Chairman of the U.S. Houses Judiciary Committee. Chairman Smith is Insiders Power Player of the Week" - he talks here with Jim Cardle about President Obamas Stimulus & Jobs Speech Take II as well as the nations economic plight Septembers Super Committee Hearings and more.    

 

        
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