Representative Erik Paulsen (MN-03) today questioned a bipartisan panel of economists, academics and scholars during a hearing of the Ways & Means Committee about regulatory impediments affecting job creation. Paulsen expressed concern that reckless government spending and a mounting national debt will stifle innovation and drive private investment overseas, continuing to hinder economic growth and job creation here at home.
"Our nation's unacceptably high unemployment rate proves that expansive government programs and reckless spending does not create jobs or stimulate the economy," said Paulsen. "Despite a failed trillion dollar stimulus, and trillions of dollars of more debt, far too many Americans, including 200,000 Minnesotans, remain out of work. As many employers in my district have noted, the fiscal uncertainty and debt crisis created in Washington is impeding their ability to create jobs. Today's hearing confirmed the best thing that government can do to put Americans back to work is to provide a budget that ends wasteful Washington spending and fosters an environment in which the private sector can do what it does best--innovate and create jobs."
Paulsen, a champion of small business and advocate of free enterprise, entrepreneurship, and innovation currently serves on the House Ways and Means Committee, and is co-chair of the Congressional Korea-U.S. Free Trade Working Group and co-chair of the House Medical Technology Caucus.