[Congressional Record (Bound Edition), Volume 155 (2009), Part 1]
[House]
[Page 1313]
[From the U.S. Government Publishing Office, www.gpo.gov]




                 WHAT THE STIMULUS BILL DOESN'T MENTION

  (Mr. KIRK asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. KIRK. The economy is hurting and we should act. A stimulus bill 
that backed improving highways and airports would blunt the recession. 
If you look at the stimulus bill the Appropriations Committee approved, 
you would find 11 appropriations totaling $65 billion that would put 2 
million Americans to work, but the bill spends hundreds of millions 
more. It spends more money than the entire GDP of Australia. Of the 151 
appropriations, only 34 even have claims of reporting jobs.
  The bill claims to save 3.7 million jobs, but does so at a cost of 
$222,000 each. Private sector jobs only cost $50,000 each. The bill 
quotes one economist, Mark Zandi, six times, but doesn't mention the 
Congressional Budget Office. CBO reports that only $26 billion of this 
trillion dollar bill can be spent in 2009.
  CBO says over $70 billion of the spending will not be spent during 
the entire 4 years of the Obama administration. And one last thing, 
there is no mention of the $2 trillion congressional leaders plan to 
borrow or how our kids will pay it back.

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