[Congressional Record (Bound Edition), Volume 155 (2009), Part 11]
[House]
[Page 14863]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1700
                INTRODUCTION OF REPEAL THE STIMULUS ACT

  (Mr. TIAHRT asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. TIAHRT. Mr. Speaker, earlier this year the Obama administration 
told us the stimulus bill was the salvation to our economic woes. They 
predicted, if passed, unemployment would top out at 7 percent and 
claimed jobs would be created or saved immediately. It was passed, but 
yesterday's promises are in stark contrast to what we see today--
unemployment is at 9.4 percent, and just this morning CNN reported that 
America saw $1.3 trillion of wealth vaporize in the first quarter of 
2009.
  Despite massive government spending, foreclosures continue, car 
dealerships are closing, layoffs continue, and the stock market and 
home values continue to decline. The government is borrowing money it 
does not have, inflating programs it does not need and making promises 
it cannot keep. Taxpayers don't understand why so much money is being 
wasted so quickly with nothing to show for it.
  I understand. This week I offered a simple solution. Rescind 
unobligated money from the stimulus bill and save the taxpayers over 
$250 billion. That's money we won't have to borrow from the Chinese. 
Unfortunately, the amendment failed on a party-line vote.
  Today I am introducing the Repeal the Stimulus Act of 2009, and I 
urge my colleagues to join with me to repeal the stimulus bill and the 
spending schemes of the current administration and cut back on the 
amount of money we have to borrow from China.

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