DeMint on Democrats' Second Stimulus Bill

Statement

By:  James DeMint
Date: Feb. 24, 2010
Location: Washington, DC

Today, U.S. Senator Jim DeMint (R-South Carolina), chairman of the Senate Steering Committee, made the following statement on the passage of the Democrats' bill to increase spending on highway programs without eliminating earmarks, raise taxes by more than $8 billion over ten years, and increase the national debt.

"We won't have a sustained economic recovery as long as Washington keeps picking winners and losers, piling up debt, and increasing taxes," said Senator DeMint. "This bill is built on the same failed thinking that led to the first stimulus, and it won't work. Unemployment is at record levels after Washington wasted a trillion taxpayer dollars on pork projects. What makes anyone think a smaller version of the same failed bill will have better success? The answer is very simple: Americans will create jobs if Washington gets out of the way. It's time to stop meddling in the economy every few months, and time to enact permanent, broad-based tax cuts that reward success and spur real job creation."

Americans for Tax Reform: "According to the Congressional Budget Office, this bill will raise net taxes by $8.6 billion over the next decade. It will funnel $50 billion to organized labor projects. It will increase spending and increase the national debt."

Heritage Foundation: "[T]his bill will do little to encourage new investment and hiring. Instead it will increase the debt, placing a further drag on private-sector investment, job creation, and the economy."