[Congressional Record Volume 157, Number 28 (Monday, February 28, 2011)]
[House]
[Page H1366]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         WISE DEFICIT REDUCTION

  (Mr. GARAMENDI asked and was given permission to address the House 
for 1 minute.)
  Mr. GARAMENDI. Mr. Speaker and Members of the House, 9 days ago there 
was a frenzy of budget cutting here on the floor, and we are going to 
resume that process probably tomorrow. I would urge caution for all of 
us. The unintended consequences of those budget cuts will come back in 
many, many ways to harm this Nation.
  It was estimated that the CR that was voted out of this House 9 days 
ago would reduce employment by over 800,000 in the next 6 months--not a 
good result. We have to think long term here. We need to be wise. 
Definitely we have to deal with the deficit, and we shall. But we must 
not do so at the expense of jobs and employment today or at the future 
opportunities. And specifically, I speak to the issue of research, 
development and demonstration. There are enormous cuts in that budget 
in the area of energy research and other necessary research that this 
country has to have if we are going to stay ahead in the race for the 
economy and for the future.

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