Sen. Cornyn: Spending More Money Faster Is Not A Serious Solution

Statement

Sen. Cornyn: Spending More Money Faster Is Not A Serious Solution

U.S. Sen. John Cornyn, a member of the Senate Finance and Budget Committees, made the following statement regarding President Obama's announcement on the stimulus and the number of jobs he predicts will be created by summer.

"The definition of insanity is doing the same thing over and over again and getting the same result. Since January, the Obama Administration has repeatedly thrown trillions of taxpayer dollars at the economy in the hopes that, sooner or later, our economy will begin to correct itself. They have muscled through a $1 trillion stimulus bill, taken over the banking and car industries and are now attempting a Washington takeover of the health care industry. Now they say the problem isn't that we aren't spending too much, the problem is we aren't spending it fast enough. This fiscal insanity must stop.

"Americans are gravely concerned about the unsustainable level of spending over the past five months. Instead of political posturing, we need the Administration to stop the insanity, curb spending and create real, well-paying jobs."

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