Fiscal and Economic
More on Fiscal and Economic
House Chamber, Washington, D.C.
March 5, 2009
Mr. Speaker:
We have all heard a great deal of rhetoric blaming the Bush administration for the nation’s economic woes, and I actually rise to join that chorus.
House Chamber, Washington, D.C.
March 3, 2009
M. Speaker:
The Laffer Curve is a simple but elegant method of demonstrating how increasing taxes reduces economic productivity until a point of equilibrium is reached when further tax hikes actually reduce revenue.
House Chamber, Washington D.C.
March 3, 2009
M. Speaker:
I’d like to offer a word of caution about the law of unintended consequences.
Last week, this house passed the Administration’s proposal to allow homeowners to force banks to reduce the size of their mortgages and interest rates.
House Chamber, Washington, D.C.
February 12, 2009
M. Speaker:
I rise again to urge the majority to consider very carefully the damage they are doing to our nation’s economy by passing this unprecedented spending measure.
February 10, 2009
Mme. Speaker:
Before we continue with a stimulus policy that has consistently failed to stimulate anything but government, I think the supporters of this program need to answer some very simple questions.
House Chamber, Washington D.C.
February 10, 2009
M. Speaker:
Benjamin Franklin warned us that “Passion governs, but she never governs wisely.”
As the Congress and the President rush to enact the latest in a long line of mega-spending bills, I think we would be well advised to spend a little more time on the dispassionate math of the matter.
House Chamber, Washington, D.C.
February 4, 2009
M. Speaker:
The mantra we hear from the Left is that government – rather than the productive sector – needs to create new jobs. According to our new President, the $825 billion spending bill will create 3 million new jobs.
M. Speaker:
When we speak of running up a $2 trillion debt to pay for this year of unprecedented spending, where does that money come from?
We don’t have it, and so we borrow it.
House Chamber, Washington, D.C., January 27, 2009. Mr. Chairman:
With this measure, the new administration seems bound and determined to continue the failed policy of the past administration. This proves what I like to call “McClintock’s Second Law of Political Physics,” which is, the more we spend on our mistakes, the less willing we are to admit them.