Congressman Ben Quayle (R-AZ) released the following statement Thursday on the two-year anniversary of the American Recovery and Reinvestment Act:
"The so-called stimulus package was sold to the American public two years ago as an economic cure-all that would save or create at least three million jobs, keep unemployment under 8 percent and get the economy going again. And while we didn't get the jobs, we certainly got the debt--$1 trillion added to our staggering national debt. The spending, however, didn't stop there. For two more years, the Administration and Congressional Democrats put forward a glut of ideologically driven legislation that all shared one thing in common: they were unaffordable.
"This week, the House is voting on the largest spending-cutpackage since the 1940's. While these cuts won't solve our fiscal problems outright, they are an important first step. In the coming months, House Republicans will release a budget that will include common sense reforms to entitlements--a critical step in any serious debt-reduction effort. We won't be able to make these changes without the support of fiscally minded Democrats. The American people are counting on us to work together."