Skip to comments.When you're in a hole stop digging (Rep. Tom McClintock)
Posted on 08/10/2010 3:06:48 PM PDT by Mojave
Representative Tom McClintock (R-Calif.) delivered the following remarks today in the House of Representatives on unemployment and spending:
Many people are asking why Congress is here today. I think the answers pretty simple: were not bankrupting the country fast enough and so we need to come back and spend more.
In the merciful week that Congress was not in session, my constituents had one message: STOP THE SPENDING. Obviously, Congress isnt listening. Over the past two years, this administration and this Congress have increased spending by nearly 18 percent and run up more debt in two years than the irresponsible Bush administration did in all of its eight years combined. Meanwhile, unemployment has increased from 7.6 to 9.5 percent. Yet the problem in the view of House Democrats is that we just havent spent enough. So we gather here today to shovel another $26 billion at the problem.
That comes to about $330 for an average family taken directly out of the nations struggling economy. Were told, dont worry, its paid for.
Hows that? $10 billion is from increasing taxes on businesses with foreign subsidiaries. But remember this: BUSINESSES DONT PAY BUSINESS TAXES. Business taxes can only be paid in one of three ways by us as consumers through higher prices, by us as employees through lower wages, and by us as investors through lower earnings on our 401(k) plans.
Another $12 billion comes from cuts to Food Stamps starting in 2014, but were going to use the savings starting now. I tried that one out with my wife at home. Honey, sure we can afford that new jet ski this year Im planning on cutting our grocery budget by $10,000 in 2014. Im sad to report that she didnt buy that.
Were told this is part of the plan to save or create jobs. This isnt saving jobs it is destroying them. Government cannot inject a single dollar into the economy until it has first taken that dollar out of the very same economy.
We see the job saved or created when the government puts the money back into the economy. What we dont see as clearly are the jobs lost or prevented when the government first has to take that money out of the economy. We see the lost or prevented jobs through chronic unemployment rates and a stagnant jobs market at a time when we should long ago have moved into a normal V shaped economic recovery.
Nor does this even guarantee saving teaching jobs. Good school boards, faced with the choice between a couple of good teachers or a pointless and over-paid bureaucrat are probably going to keep the teachers and fire the bureaucrat. But this bill says they dont have to make that choice. Indeed, this bill says theyre actually prohibited from doing anything that would reduce their spending below last years level.
What about Medicaid? A bi-partisan group of legislators in my state of California tells us they need this bailout money to save the states Medicaid program. But bailing out bad management doesnt improve it. At the peak of the good times, when California was taking in more money than ever before, it was already running a deficit of over $9 billion almost ten percent of its budget.
Just four years ago, those same legislators voted Medicaid expansions that have increased its share of general fund spending from 14 to 19 percent. California offers such Medicaid options as acupuncture, chiropractic services and psychological counseling.
And now theyre shocked-just-shocked that they keep running out of money.
I love my state, but deficits that are made in California should stay in California.
With the nation now some 13.2 trillion in debt 93 percent of the entire economy it is time to invoke the first law of holes: when youre in one stop digging. And if Congress doesnt invoke that law now, I can all but guarantee you the American people will invoke it in November.
The longer they serve, the dumber they get.
Target 2011 ------> Congressional Pensions.
If the Central government can break the "contract" with retired SS taxpayers, it can certainly break the "contract" with the congressional retards who destroyed the SS system, by overloading it with parasites.