Sen. Moran: Obama Giving Americans Stimulus Deja Vu

Press Release

U.S. Senator Jerry Moran (R-Kan.), a member of the Senate Committee on Appropriations and one of the few members of Congress to vote against every stimulus and bailout bill, released the following statement today on the 2nd anniversary of President Obama's stimulus package:

"Two years ago, President Obama signed into law a 1,100-page "stimulus package,' declaring the trillion-dollar spending bill would keep unemployment from exceeding 8 percent and create millions of jobs "almost immediately.' The president called the package an "investment' 14 times during that signing ceremony, and today the return on his investment is clear: national unemployment hovers between 9 and 10 percent, and we face a record $1.6 trillion deficit and $14 trillion national debt.

"It's pretty clear spending our way to prosperity is not working. Americans are calling for a change in policy, but President Obama is instead giving us borrow-and-spend déjà vu. This week he delivered a budget to Congress boasting $8.7 trillion in new "investments,' ignoring warnings from economists and public demands for restraint. We must change direction; Congress should rescind the $45 billion in unspent stimulus funds and direct them toward deficit reduction. We must then get to work on spending cuts, tougher funding standards and monetary and fiscal policies that promote -- rather than stifle -- economic growth."

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