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Another Season Of Federal Spending

Floor Speech

By:
Date:
Location: Washington, DC

* Mr. LEWIS of California. Madam Speaker, we are about to enter another season of federal spending decisions, beginning with a new stimulus package that will add another $150 billion to our outrageous federal debt.

* What are we getting for this spending? In my home counties of San Bernardino and Riverside, California, we have lost 30,000 jobs in the past year. Our unemployment rate is 14 percent. Houses have lost half of their value in 3 years, and foreclosures have gone from 3,000 3 years ago to nearly 48,000 last year. The stimulus and runaway spending have not brought jobs to my constituents, but they have increased one thing: Each man, woman and child could soon owe $48,000 for their share of the federal debt. The CBO tells us that just 10 percent of last year's stimulus is being spent on job-creation. Let's not make that mistake again this year.

END


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