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Public Statements

Providing For Consideration Of H.R. 847, James Zadroga 9/11 Health And Compensation Act Of 2010; Providing For Consideration Of H.R. 2378, Currency Reform For Fair Trade Act; And Providing For Consideration Of Senate Amendment To H.R. 2701, Intelligence A

Floor Speech

Location: Washington, DC


Mr. Speaker, I rise in opposition to the way this bill has come forward and to the rule upon which we are voting.

As our surging debt rises to unsustainable levels, the majority's desire to spend and spend shows no signs of abating, but now the American people are speaking up and are saying that enough is enough.

Through the YouCut program, the American people have found a vehicle to actively shape how their government spends public dollars. YouCut voters have helped House Republicans offer more than $120 billion in spending cuts--money that would go straight back to the taxpayers if not for the majority's refusal to bring even one single reduction of spending before the House for a vote.

This week's winning item is a proposal by the gentleman from Minnesota, Representative Erik Paulsen, to finally bring closure to the TARP program and to put those moneys towards retiring the national debt. The plan would wall off TARP as a source of funding for any further bailouts, saving the taxpayers several billions of dollars. It would reduce moral hazard across numerous industries and government programs while signaling that the days of bailing out irresponsible decisionmakers are over.

Under Speaker Pelosi and President Obama, the size and scope of government have ballooned while the private sector workforce has shrunk. Mr. Speaker, the answer to our economy's ills does not rest in more spending, taxation, and government regulation. It rests in private sector growth, entrepreneurship, and innovation, spurred by lower taxes and economic freedom. That's why, Mr. Speaker, we must move forcefully to trim spending and focus like a laser on fostering an economic atmosphere conducive to investment, innovation, and job creation.


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