[Congressional Record (Bound Edition), Volume 157 (2011), Part 3]
[House]
[Page 3524]
[From the U.S. Government Publishing Office, www.gpo.gov]




                   INVEST IN TOMORROW TO CREATE JOBS

  (Mr. WALZ of Minnesota asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. WALZ of Minnesota. Mr. Speaker, you'll get no argument in this 
House that this is a country that has to get a handle on our budget, be 
fiscally responsible, reduce our national debt, and grow the economy. 
We owe nothing less to our children and grandchildren.
  But I will be honest, I am pretty shocked by the lack of business 
sense, if you will, from some of my Republican colleagues. What my 
small businesses know in southern Minnesota is that, in addition to 
tightening their belts and getting efficiencies out of their 
businesses, they have to make smart investments for tomorrow.
  So last week what did we do? We cut 41 percent of the NIH budget for 
research at the Mayo Clinic in my district that will lay off 68 
researchers who equate into billions of dollars of medical research.
  Republicans also want to cut funding for education. As a high school 
teacher I can tell you, where are the workers of tomorrow going to come 
from, and how are they going to compete to be the great innovators to 
win tomorrow?
  We did all of that, at the same time protecting oil subsidies to the 
CEOs of the largest oil companies who made hundreds of billions. We 
have to be smart with taxpayer dollars, and we have to find ways to 
think like small, innovative businesses in places like the Mayo Clinic.
  Save money, be efficient with our resources, invest in tomorrow to 
create jobs.

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