Economic Recovery Means Sustainable, Long-Term Growth

Statement

Congressman Tom Price issued the following statement in response to a document released by House Majority Leader Steny Hoyer. The document claims that the Democrats' $787-billion spending package has "created or saved" jobs to "put Americans back to work." While Hoyer's office cites several short-term government projects, the non-stimulus package has failed to create sustainable economic growth or real wealth - almost every job cited will evaporate once government funding runs dry.

"Handing out taxpayer money and calling it ‘growth' does not make it so," said Congressman Price. "The short-term effects of the Democrats' borrow-and-spend strategy might seem appealing, but the long-term consequences are jarring. Temporary improvement projects backed by government funds are not a solution to our economic problems. Like the American taxpayers' hard-earned money, these jobs will soon disappear.

"Real recovery means sustainable long-term growth that creates jobs without expiration dates. Our top priority should be creating a new environment of investment and growth. Reducing the size of government and cutting taxes will put economic power back where it belongs - in the hands of the American people."

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