Fiscal and Economic
More on Fiscal and Economic
Repeating the Lesson
House Chamber, Washington, D.C.
July 20, 2010
Mr. Speaker:
When the stimulus bill became law, unemployment stood at 8.2 percent. Today, eighteen months and hundreds of billions of dollars later, unemployment is 9.5 percent.
House Chamber, Washington, D.C. May 25, 2010. M. Speaker:
The failure of this House to pass a budget at a time of unprecedented deficit spending speaks volumes about the house majority.
In order to resolve a crisis you must first be willing to face it. If you can’t face the problem, you can’t deal with it.
That’s what the budget process is: the painful but necessary assessment of our financial affairs. Without it, there cannot be even a theoretical solution.
WASHINGTON, DC – Representative Tom McClintock (R – Granite Bay) delivered the following remarks on the House floor today in opposition to the costly “Cash for Caulkers” weatherization program:
Learning from Experience (NOT)
House Chamber, Washington, D.C.
May 6, 2010
M. Speaker:
Since “Cash for Caulkers” is based on the “Cash for Clunkers” program maybe somebody ought to ask, “How did that one work out?”
Representative Tom McClintock Presented with the
Spirit of Enterprise Award from the U.S. Chamber of Commerce
Award given to members of Congress for supporting legislation critical to the American business community
Washington, DC – Representative Tom McClintock (CA - 04) today made the following remarks at a press conference held to introduce a Spending Limitation Constitutional Amendment. Representative McClintock is co-author of the legislation.
During the 1980's, California enjoyed a Constitutional spending limit that produced a decade of balanced budgets, prudent reserves, no tax increases and steady economic growth. You can measure California's fiscal collapse from that day in 1990 when Californians foolishly threw that limit away.
House Chamber, Washington D.C.
February 23, 2010
M. Speaker:
Two weeks ago, Congress and the President added $1.9 trillion to the national debt limit. That translates to more than $6,000 of additional debt for every man, woman and child in the country – more than $24,000 for an average family of four.
Your family is required to repay that debt through future taxes just as surely as if it appeared on your credit card statement.
“It is disappointing that after a year of failed bank bailouts and reckless spending has failed to produce real jobs, the President seems to be doubling down. I suppose it is human nature that the more we invest in our mistakes, the less willing we are to admit them. But it doesn’t make for wise public policy.
“America’s future prosperity depends on restoring freedom of enterprise, not interposing government into every aspect of our lives. That’s what the stunning reversal in the polls and at the polls is telling the President, but he doesn’t seem to be listening.”
Deficits Made in California Should Stay in California
Schwarzenegger’s Folly, House Chamber, Washington, D.C., January 12, 2010. Mr. Speaker:
California’s governor is seeking billions of dollars of additional federal aid to fill his ever-widening budget deficits.
Last April, he imposed the biggest tax increase by any state in American history, despite repeated warnings of the damage it would do to the state’s economy. California already had the highest sales and income taxes in the nation – he increased both.
House Chamber, Washington, D.C. June 26, 2009. Madam Speaker: When we discuss Herbert Hoover's mishandling of the recession of 1929, the first thing that economists point to is the Smoot-Hawley Tariff Act that imposed new taxes on over 20,000 imported products.
The Waxman-Markey Bill is our generation's Smoot-Hawley. It imposes new taxes on an infinitely larger number of domestic products on a scale that utterly dwarfs Smoot-Hawley.