[Congressional Record (Bound Edition), Volume 160 (2014), Part 8]
[House]
[Page 11865]
[From the U.S. Government Publishing Office, www.gpo.gov]




                                ECONOMY

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. Mr. Speaker, the recently revised downward first quarter 
GDP numbers show the economy contracted by 2.9 percent in the opening 
months of 2014.
  We have a social safety net that is already forecasted to run 
perpetual deficits for decades to come, and diminished economic growth 
will hurt our already underfunded entitlement plans.
  For as long as I have been in Congress, Republicans have been working 
to enact structural reforms to put our budget back in balance. The 
recent GDP report makes those reforms even more urgent.
  These long-term reforms need to be considered. In the short run, 
let's hope that the recent economic contraction will spur the President 
and Senate Majority Leader Harry Reid to act on the dozens of House-
passed jobs bills awaiting action in the Senate.
  These bills will help put Americans back to work and expand our 
economy.
  Will the President act?

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