AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 -- (House of Representatives - January 28, 2009)
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Mr. RYAN of Wisconsin. Mr. Chair, I will keep my remarks within 2 minutes.
Mr. Chair, we can do better than that. We need to do better than that. Our country is losing tens of thousands of jobs every single week. We thought we were going to have bipartisanship here. That is what we were promised. None of that has occurred here.
Mr. Chair, the most favorable measurement, the most favorable way to look at this package, 12 percent of this package is aimed at keeping jobs, at creating jobs. Twelve percent of this package goes toward creating or keeping jobs. All the rest of it is spending. Just plain, old spending. Spending, most of which occurs 2, 3, 4, 5 years from now, not during this recession.
It's not enough for us to come here and criticize. So we have come here with our own ideas. We have come here to propose an alternative. And when you look at the way our bill works, the measuring stick used by President Obama's own economic advisor says that our bill that we have here creates twice as many jobs--6.2 million--for half the costs.
So we have not only said this is a bad bill that we are considering, but here's a better way. Twice as many jobs, half the cost for taxpayers, 6.2 million jobs. This is a bill that should pass--the Republican substitute.
Unfortunately, since there was no bipartisanship, no inclusion, we could have made a better bill that would pass into law, but it's not. So here we are with our alternatives. Using the President's own measuring stick on how you create, this creates more at less price, less cost to the taxpayers.
But, unfortunately, because one party rules government and because one party is ruling it completely on their own, we will have missed this opportunity to create more jobs, save taxpayers' money, and not waste all of this spending.
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