Roe Rejects Democrat Stimulus Package
WASHINGTON, DC – U.S. Congressman Phil Roe (TN-1) gave the following speech on the House floor regarding H.R. 1 – the Democrat Stimulus Package:
“Madame Speaker, I rise in opposition to this enormous economic stimulus package. To put its size in perspective, one tenth of one percent of the stimulus would solve Tennessee’s state budget deficit. To quote one of my favorite philosophers Yogi Berra, ‘If you don’t know where you’re going, you might end up some place else.’ I think with this bill we’re going to end up some place else.
“So we know the spending is enormous, but is it going to work? Last week, the nonpartisan Congressional Budget Office cast doubt on whether this is going to be effective when it said that only 7 percent of the plan’s infrastructure spending would be spent by the end of this fiscal year and only 65 percent of the total package would be spent by the end of 2010.
“Even more troubling for taxpayers is where their money is going. We are spending $50 million on the National Endowment of the Arts. Whatever one believes about spending taxpayer money on the arts, shouldn’t we all be able to agree that it shouldn’t be done when our country is facing trillion dollar deficits and that it’s not an economic stimulus? Until it was exposed, this so-called economic stimulus bill was spending millions on birth control.
“People back in Tennessee are adapting to this troubling economic climate by tightening their belts and clamping down on unnecessary spending, so they’re understandably upset that the federal government’s reaction is exactly the opposite. They’re amazed that we’re preparing to spend an additional $825 billion of their money after a $700 billion bailout was spent without anyone being able to give a straight answer about where it went. They’re skeptical of the results we’re getting, and so am I.
“An economic stimulus plan should fund projects that stimulate the economy, not simply projects that add more to our bottom line.”