From Congressman John Culberson
One year after President Obamas stimulus package passed we have higher unemployment record high deficits and record high spending levels.
A year ago today President Obama signed a $787 billion spending bill into law. This massive piece of legislation was crammed through Congress with zero transparency and was brought to a vote just 15 hours after being drafted in the dead of night hardly enough time for anyone to read the bill.
President Obama and Speaker Pelosi told us the so-called stimulus" package was intended to create jobs and keep the unemployment rate below 8. A year later unemployment stands at nearly 10 we have record high deficits record high spending levels and our national debt currently stands at $12.3 trillion. Americans are demanding to know: Are we better off?
So here we are one year later and I join my fellow citizens in asking: Where are the jobs President Obama promised? Its time to get serious about job creation by cutting income taxes and payroll taxes and removing barriers to domestic productivity. Most importantly we need to stop spending money we dont have and leaving our children and grandchildren holding the bill.
This one year anniversary of the failed stimulus package is a fitting reminder of the liberal majoritys allegiance to deficit spending. Despite all the evidence to the contrary they still seem to think that throwing money at a problem will make it go away.
