Smith: Obama Administration Sets Wrong Records

Statement

Congressman Lamar Smith said today that the Obama Administration and the Democratic Congress have set six regrettable records. He made his remarks on the House floor.

Smith commented, "Unfortunately, these records are not the ones the American people hoped for.

"One: Americans are staying unemployed longer than ever before. The average duration of unemployment has risen to over thirty-five weeks, nearly two times longer than the previous high for any downturn.

"Two: For the first time since the current budget rules were adopted thirty-five years ago, the House will not pass a budget.

"Three: The federal debt has never been larger. It has now reached over $13 trillion.

"Four: The cost of health care has never been higher.

"Five: We are more dependent on foreign oil than ever before. Sixty percent of our oil is imported.

"And Six: the federal government has taken control of an unprecedented number of private companies, according to the Congressional Research Service."

Smith added, "These records stifle economic growth and hurt all Americans. They are taking our country in the wrong direction."

Source