Tiahrt: The Government is Borrowing Money it Does Not Have and Making Promises it Cannot Keep
Congressional Desk
June 12, 2009
Introduces the Repeal the Stimulus Act of 2009
WASHINGTON—U.S. Congressman Todd Tiahrt, R-Kan., today introduced a bill that would save taxpayers a quarter of a trillion dollars. The Repeal the Stimulus Act of 2009 would rescind all unobligated discretionary funding in the Democrats' so-called stimulus spending bill.
Tiahrt delivered a speech from the House floor citing the failed promises of the Obama administrations' budget-busting stimulus spending. The following is the text of his remarks:
Madam Speaker,
Earlier this year, the Obama administration told us the stimulus bill was the salvation to our economic woes. They predicted unemployment to top out at eight percent and claimed jobs would be created or saved immediately.
These numbers are in stark contrast to what we see today—unemployment at 9.4 percent. And just this morning, CNN reported that Americans saw $1.3 trillion of wealth vaporize in the first quarter of 2009. Despite massive government spending, foreclosures persist, car dealerships are closing, layoffs continue, and the stock market and home values continue to plummet.
The government is borrowing money it does not have, inflating programs we do not need, and making promises it cannot keep.
Taxpayers do not understand why so much money is being wasted so quickly with nothing to show for it.
I understand … and this week offered a simple solution: rescind unobligated money from the stimulus bill and save taxpayers a quarter of a trillion dollars. That is money we will not have to borrow from China. Unfortunately, the amendment failed on a party-line vote.
Today, I am introducing the Repeal the Stimulus Act of 2009. I urge my colleagues to join me in repealing the stimulus bill and end the spending schemes of the current administration.
On Tuesday, Tiahrt offered a stimulus rescission amendment during a House Appropriations Committee meeting. Despite unanimous support from Committee Republicans, Democrats voted down the Tiahrt amendment on a straight party-line vote.
WASHINGTON—U.S. Congressman Todd Tiahrt, R-Kan., today introduced a bill that would save taxpayers a quarter of a trillion dollars. The Repeal the Stimulus Act of 2009 would rescind all unobligated discretionary funding in the Democrats' so-called stimulus spending bill.
Tiahrt delivered a speech from the House floor citing the failed promises of the Obama administrations' budget-busting stimulus spending. The following is the text of his remarks:
Madam Speaker,
Earlier this year, the Obama administration told us the stimulus bill was the salvation to our economic woes. They predicted unemployment to top out at eight percent and claimed jobs would be created or saved immediately.
These numbers are in stark contrast to what we see today—unemployment at 9.4 percent. And just this morning, CNN reported that Americans saw $1.3 trillion of wealth vaporize in the first quarter of 2009. Despite massive government spending, foreclosures persist, car dealerships are closing, layoffs continue, and the stock market and home values continue to plummet.
The government is borrowing money it does not have, inflating programs we do not need, and making promises it cannot keep.
Taxpayers do not understand why so much money is being wasted so quickly with nothing to show for it.
I understand … and this week offered a simple solution: rescind unobligated money from the stimulus bill and save taxpayers a quarter of a trillion dollars. That is money we will not have to borrow from China. Unfortunately, the amendment failed on a party-line vote.
Today, I am introducing the Repeal the Stimulus Act of 2009. I urge my colleagues to join me in repealing the stimulus bill and end the spending schemes of the current administration.
On Tuesday, Tiahrt offered a stimulus rescission amendment during a House Appropriations Committee meeting. Despite unanimous support from Committee Republicans, Democrats voted down the Tiahrt amendment on a straight party-line vote.
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