[Congressional Record Volume 155, Number 110 (Tuesday, July 21, 2009)]
[House]
[Page H8436]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          WHERE ARE THE JOBS?

  (Mr. BACHUS asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. BACHUS. I just came from a hearing with Chairman Bernanke. There 
were some questions he could answer, but others he couldn't answer. We 
asked him, Where are the jobs? He couldn't answer that question. He 
said unemployment would remain high through 2011. He said he's not sure 
that the stimulus created any jobs. It might, but he couldn't answer 
that.
  He did answer one important question, though; and he was very 
certain. He said, if we continue spending like we're spending today, 
we're on a rendezvous with financial disaster. He said, and he left no 
doubt, that we had to reduce our spending, that the deficit was going 
to threaten the prosperity of our Nation, not only our children and our 
grandchildren, but today, tomorrow. He said, we have to reduce 
spending. He said, spending is out of control. He said, the baby 
boomers in the next year or two would overwhelm the Federal budget. He 
said, bring down the spending.

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