[Congressional Record (Bound Edition), Volume 158 (2012), Part 3]
[House]
[Page 3023]
[From the U.S. Government Publishing Office, www.gpo.gov]




               CBO PROJECTS HIGH UNEMPLOYMENT UNTIL 2014

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. WILSON of South Carolina. Mr. Speaker, last month the 
Congressional Budget Office released a report which stated that our 
Nation's unemployment rate is not expected to dip below 8 percent until 
2014, which reveals the President's policies have failed and destroyed 
jobs. America is experiencing the longest stretch of high unemployment 
since the Great Depression. The study also concluded that if every 
American searching for employment were counted, sadly our unemployment 
rate would be around 15 percent.
  When the President lobbied for his economic plan, he promised that 
our unemployment rate would not exceed 8 percent. Instead, February 
marks the 36th month where the unemployment rate has been above 8 
percent. This is a tragedy for American families.
  House Republicans are focused on putting American families back to 
work. I urge the President and the liberal-controlled Senate to take 
immediate action of the dozens of job-creation bills that have passed 
the House with bipartisan support.
  In conclusion, God bless our troops and we will never forget 
September the 11th in the global war on terrorism.

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