[Congressional Record Volume 157, Number 100 (Thursday, July 7, 2011)]
[House]
[Page H4687]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




      FINANCIAL INDEPENDENCE FROM CHINA AND AMERICAN JOB CREATION

  (Mr. HENSARLING asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. HENSARLING. Mr. Speaker, on July 4th, we celebrated our political 
independence from Great Britain.
  My constituents want to know when are we going to celebrate our 
financial independence from China, which funds much of our national 
debt. My constituents also want to know: Where are the jobs? Mr. 
Speaker, these two are connected because too much spending-driven debt 
leads to too few jobs.
  Now, our President doesn't seem to get this. If his stimulus, his 
reckless spending, his small business tax increases, his class warfare 
rhetoric helped promote job creation, we would be the most highly 
employed society in the history of mankind; but instead, we are mired 
in the longest period of sustained high unemployment under his policies 
since the Great Depression.
  House Republicans have a plan for America's job creators. In the 
trillion dollar deficits, make the Tax Code fairer, flatter, simpler. 
Stop the President's job-crushing tax increases, and end the dumb 
regulations that prevent jobs in America.

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