This past fall, the President and the Democrat Party forced the largest deficit exploding spending bill in the history of our nation on the American people through a $787 billion dollar "stimulus" package. They said this was necessary to guide the American economy out of the ditch of recession and onto the road of recovery ushering us into a new era of prosperity. Soon after, the Obama administration began feverishly, frivolously and unaccountably to dispense tax payer dollars to irresponsible companies from the auto industry to the banking industry and many points in between. And as though this spending wasn't enough to satisfy the appetite of bigger government, the Democrats forced on the American people the creation of the largest most unsustainable socialized "healthcare" program in the world.
All of this deficit spending was supposed to bring about a panacea of job creation and rebounding of our economy. What have we gotten for such a spending spree? A $13 trillion dollar (and rising) debt, a stagnating unemployment rate, a stalling economy, another round of foreclosures looming on the horizon and to boot, an unsustainable health care program that will certainly bankrupt our nation. To compound the problem, even though they've spent billions of tax payer's dollars to "stimulate" the economy, the most dependable job creating sector of our economy, small business, is struggling to gain access to needed credit and faces an overwhelming task complying with the known, and unknown, financial burdens the so-called healthcare reform will levy on them. But wait, there's more. Democrats are poised to allow the 2001 and 2003 tax cuts to expire which will send all of our tax burdens soaring. And that tax burden will be in addition to the requirement t of the healthcare taxes that will soon be visited upon all of us. So Mr. President, Democratic "leadership", after trillions of dollars of deficit spending, where are all the jobs? Why do we still have a record high unemployment rate? Why are housing markets still depressed? Why is consumer confidence on a downward trend? Why are hard working Americans still losing their homes and their businesses? Why is a nation of naturally optimistic people suddenly so pessimistic about their financial futures?
So what do we do? We create a real stimulus package for jobs. A package that reduces the out-of-control size and financial appetite of a bloated federal government. A package that cuts spending instead of increases spending. A stimulus package that places financial power in the hands of those who know best how to create jobs -- the American people. I firmly believe that the American people know much better how to spend dollars and stimulate the economy than the federal government. Take a look at the track record of the administration's stimulus package so far. It simply isn't working. Shoveling trillions of dollars into the furnace of the US treasury to be spent by bureaucrats largely insulated from the difficulties of a struggling economy is not the answer. The American people will invest wisely and accountably because they have everything to lose and everything to gain. They will use greater discretion on how much and where their dollars should be spent through wise investments that meet real needs and create real opportunity.
The first thing we have to do is stop the spending and decrease the size of government! We must stop passing bill after bill in Congress that piles on more debt. I've often said, "We can't spend our way to a recovery." American families all across the country are cutting back and re-organizing the way they run their households and their businesses. Why isn't the federal government doing the same? We must begin to pass bills that cut spending and require a smaller, more lean government for the future. We must find ways to reduce the size of our federal government instead of increasing it. This will not be easy and will require some tough choices that MUST be made. These measures will stop the bleeding.
Second, we must extend the 2001 and 2003 tax cuts. This will facilitate placing financial power in the hands of the American people to invest and spend. Returning to the heavy burdens of taxation prior to the 01 and 03 tax cuts will only exacerbate the troubles of our sluggish economy. Americans, and especially Northwest Floridians, are hard working, industrious people with a fierce streak of tenacious independence and an unquenchable thirst for freedom. Free their hands and empower them by allowing them to keep the resources they've worked hard to earn and I promise, you'll see economic stimulus poured into investments that work.
Our road to recovery is going to be a long one but it is not an insurmountable task. We are Americans, the people who are blessed enough to live in the land of the free and home of the brave. We are not afraid of challenging hardships or a fight. We can and will succeed IF we create a real stimulus package for recovery and that means smaller government, less spending, lower taxes, and most importantly, financially empowering the American people.