Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act Of 2010

Floor Speech

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Mr. TAYLOR. Our country is going bankrupt. On May 9, 2001, Mr. Camp, our Nation was $5.643 trillion in debt with a 4.3 unemployment rate. Guys like you came to the floor and said let's pass the Bush tax cuts. They did. I didn't vote for it. Eight years later when the President left office, our debt had increased by $4,983,609,000,000, and the unemployment rate had gone up to 7.7 percent.

The argument that somehow these tax cuts are going to magically put people to work is bunk. Since the Bush tax cuts, we are now $8,204,749,000,000 deeper in debt, and the unemployment rate is a shocking 9.8 percent. How much is enough? How much debt is enough? How many more bills are we going to stick on my kids and my grandkids so that you and others can get reelected?

It is time to draw the line, Mr. Camp. I do believe in a balanced budget, and I would beg my colleagues, I would beg my colleagues, to defeat this measure.

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