[Congressional Record (Bound Edition), Volume 161 (2015), Part 14]
[House]
[Page 20206]
[From the U.S. Government Publishing Office, www.gpo.gov]




                             TRADE DEFICIT

  (Ms. KAPTUR asked and was given permission to address the House for 1 
minute.)
  Ms. KAPTUR. Mr. Speaker, I rise to call on my colleagues and the 
American people to oppose the Trans-Pacific Partnership, the TPP.
  This job-outsourcing trade deal, like every one before it, has been 
sold to the American people with the false promise of jobs in exports. 
By looking at America's accounts, you can tell they are all in the red 
if you take a look at the gaping trade deficits out there and job 
deficits and the lives of people, how they have been impacted by every 
single trade deal that has been signed.
  Once again, our global trade deficit grew by more than $40 billion 
just in October, and it had grown by $1 billion more than the increase 
from September. Experts estimate that $1 billion invested in this 
country creates 5,000 additional jobs.
  For every $1 billion of trade deficit we have, we lose 5,000 jobs 
here. When your trade deficit is half a trillion dollars, it is no 
wonder we have a job deficit across this country.
  Since China joined the WTO, the U.S. goods trade deficit with China 
has reached $324.4 billion, hundreds of thousands of jobs gone. The 
same with NAFTA, $9 trillion in deficit.
  Mr. Speaker, I urge my colleagues to reject the TPP.

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