The Economy in America
Floor Speech
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Mr. JORDAN of Ohio. Look, we all know we are in a tough economic situation, and the gentleman from Missouri has explained some of the reasons we got there. The question is, where are you going to look for the solution? Are you going to look to the government, the big Federal Government which, as the gentleman has pointed out, has already run up deficit after deficit. We are approaching an $11 trillion national debt.
So you are going to look to the same government that helped get us in the problem, or you are going to look to the people, not the economy, the people. It's the American taxpayer, American family, the American small business owner who can get us out of that situation we are in. That's who we should trust.
What we should do, is instead of spending and spending more, we should look for ways to reduce the tax burden, something we know that works every single time it's tried. When you let families, when you let small business owners, when you let the entrepreneurial spirit of the American people have more of their money to use it, to invest it, to put it back into their business, to put it into those things that have meaning and significance to them and their family, good things happen in your economy.
That's where our focus should be, and, frankly, that's the proposal we want to talk about a little bit later that we, the Republican Study Committee, unveiled today.
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Mr. JORDAN of Ohio. Yes, because, look, the other approach hasn't worked and hasn't worked in recent history. This bailout fever, as the gentleman from Colorado alluded to, this bailout fever that's grabbed Washington, we know that doesn't work. We have seen what's happened with the trillions of dollars we have spent.
There are all kinds of reasons we shouldn't continue down this road. So we know that doesn't work. What we do know works is letting families, letting taxpayers, letting small business owners keep more of their money investing back in their business and helping our economy.
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