American families and small business are facing unprecedented financial challenges. Many have lost their jobs and many more wonder if they'll be next. Foreclosure rates are the highest in history and climbing. Small business owners are scrambling to figure out how they can keep their doors open and hang on to their employees at the same time. These are difficult times to say the least.
And while inaction isn't an option, neither is steamrolling a massive piece of legislation through Congress that no one can say, with any certainty, will actually fix our financial problems.
In fact, the President recently said that he himself knew the economic stimulus bill, passed by the House and Senate, is "far from perfect." Those words are certainly honest, but far from reassuring.
Instead of placing importance on getting it fast, we should be focused on getting this bill right. The President and the Majority should put all the options back on the table and have a real debate about what we know will work. The American people shouldn't be forced to hold their nose and swallow a $1 trillion pill, without the assurance that it will cure more ills than the side-effects it may trigger.
I keep asking the question, "Why should American taxpayers repeatedly be given a grim prognosis and then asked to accept the dangerous treatment prescribed without getting a second opinion?"
They shouldn't have to. There is a better way. There is another plan.
Using research done by the President's own chief economic advisor, the Republican stimulus proposal would create 6.2 million jobs and cost $487 billion. That's twice the number of jobs created for half the nearly $1 trillion tab of the Administration's plan.
Focusing on fast-acting tax relief for working families and small businesses instead of slow-moving, government spending, the Republican alternative would create jobs, jump start the economy immediately and prevent a stack of debt and IOU's from being left on our grandchildren's doorstep.
And if the President is right and this bill is "far from perfect," than why should we settle for it, especially when the price tag is so steep? We can create a better bill and we must.
Americans shouldn't be an open cash register for the government to plunder, especially when they are asked to cross their fingers and hope for success.