[Congressional Record Volume 155, Number 110 (Tuesday, July 21, 2009)]
[House]
[Pages H8439-H8440]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   WE SHOULD BE SPURRING JOB CREATION

  (Mr. ROYCE asked and was given permission to address the House for 1 
minute.)
  Mr. ROYCE. Mr. Speaker, accompanying the spike in the private sector 
job losses throughout our economy, we have seen a massive government 
intrusion into the private market. This Chamber recently passed cap-
and-tax legislation which gives Washington 17 percent over the economy. 
If we move towards nationalized health care--the next priority for the 
administration--it could shift another 16 percent of our economy 
towards Washington, D.C.
  The Federal Government already runs General Motors and Chrysler. It 
now has a huge equity stake in dozens of our financial institutions. 
We've witnessed a massive $800 billion stimulus package that has failed 
to deliver the promise of an increase in job growth. And this flawed 
approach has failed to deliver because government spending does not 
increase the size of the economic pie. What it simply does is take

[[Page H8440]]

money out of the private sector and shift it to the government.
  Real economic growth has always and will always come from the private 
sector. And instead of continuing this trend, shifting our economy to 
one centered on bureaucrats, which is exponentially increasing our 
deficit and killing off the private sector, we should be spurring job 
creation.

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