STATEMENT ON LAMBORN'S NO' VOTE ON MASSIVE DEMOCRAT SPENDING BILL
Congressman Doug Lamborn (CO-05) issued the following statement in regards to the passage of, H.R. 1, the Democrats' massive spending bill.
"The Democrat leadership and President Obama think we can tax and spend and go into debt on our way back to prosperity. Throwing money at the problem will not work. Instead, we need swift, across-the-board tax cuts that create jobs and not just another bloated Washington spending spree that over-promises and under-delivers.
"Democrats claim this stimulus legislation will create or save three million jobs. When you do the math that means he wants to spend about $275,000 per job. The average household income in the U.S. is $50,000 a year. That makes no sense economically.
"Although the Democrat's proposal has been billed as a transportation and infrastructure investment package, in reality only $90 billion of the bill - about 11 % - is for road and highway spending. A recent study from the Congressional Budget Office (CBO) said that only 25 percent of infrastructure dollars can be spent in the first year. In other words, by the time most of the spending actually happens, the economy will likely have rebounded on its own!
"Additionally, this bill is crammed full of questionable programs that do not create jobs, such as spending $335 million for the prevention of sexually transmitted diseases, $50 million for the National Endowment for the Arts, and $6 billion for weatherization programs.
"We are facing economic difficulties and we need wise and responsible action. We must embrace the tried and true economic and market principles that gave us the greatest economy in the world. After ineffectively throwing money at the problem, it is time for a new approach. It is time truly invest in projects which will stimulate our economy."Congressman Doug Lamborn (CO-05)
Despite President Obama's personal appeal to Republicans, not a single Republican Congressman voted for this bill. The only bipartisan aspect of this legislation was the opposition to it. The vote showed every Republican and even some Democrats opposing this massive spending bill.
Congressman Lamborn has co-sponsored a comprehensive solution, H.R. 470, The Economic Recovery and Middle-Class Tax Relief Act, which promises broad, permanent incentives for economic growth. Specifically, this bill will support families through tax relief, provide economic relief for American businesses and entrepreneurs, and save future generations from a crushing debt burden.