[Congressional Record Volume 157, Number 30 (Wednesday, March 2, 2011)]
[House]
[Pages H1462-H1463]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                             SPENDING CUTS

  (Ms. SCHWARTZ asked and was given permission to address the House

[[Page H1463]]

for 1 minute and to revise and extend her remarks.)
  Ms. SCHWARTZ. I rise today to offer some truth on the Republican 
spending bill. Over 300 economists believe the Republican bill to cut 
$61 billion in midyear would eliminate 700,000 American jobs and shrink 
economic growth by 2 percent just this year. These are shortsighted 
cuts that could threaten our economy and our economic competitiveness. 
Our goal should be job creation, not job destruction.
  Our Republican colleagues only care about cutting, without regard to 
where the cuts come from, how they negatively affect American families, 
or how detrimental they could be for our economy. This is not 
governing. Spending cuts should not be politically motivated or 
economically harmful.
  We do need to cut spending to reduce our deficit, but these cuts must 
be targeted, and they must be responsible. They shouldn't cut into our 
core obligations to our seniors, to our safety, or to our future. Our 
Nation's economy and our economic growth depends on investing in 
education, infrastructure, and innovation, all critical to private 
sector competitiveness. Balancing spending cuts with sound investments 
is the only way to ensure job growth and new jobs. It's time for the 
Republicans to move beyond political rhetoric to actions that really 
work to grow our economy.

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