America's Strong Economy

AMERICA'S STRONG ECONOMY -- (House of Representatives - July 14, 2005)

(Ms. FOXX asked and was given permission to address the House for 1 minute and to revise and extend her remarks.)

Ms. FOXX. Mr. Speaker, I rise today to highlight the reality of the American economy in light of what all of the doom and gloomers have been saying. The facts are plain and simple: Our Nation is producing more, and our government is spending less.

The recent report from the Office of Management and Budget forecasts a decline in the Federal budget deficit. All along, House Republicans have had faith in the American people's ability to grow our economy and are looking to the future with confidence. It is our job in Congress to continue to hold the line on spending to ensure the continued health of our economy.

The unemployment rate has fallen and is the lowest it has been since September 2001. Nearly 4 million new jobs were created in the last 2 years alone.

With sustained job growth, falling deficits, low interest rates and a booming housing market, America's economy is robust and getting even stronger.

Equally important are the numbers which show U.S. manufacturing continuing to expand. Durable goods orders are also on the rise. Consumer confidence is up with such spending accounting for nearly two-thirds of the economy.

The fact that I can stand here today and tout the success of America's economy can be attributed to the pro-growth agenda of the President and this Republican Congress.

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