Another Stimulus Is Not the Answer

Statement

Last week, I joined a bipartisan coalition of Senators in voting against President Obama's ill-advised $447 billion stimulus plan. On the heels of that bill's failure, Senator Reid decided to split the bill up into several smaller portions. I'll take a close look at each bill that comes before the Senate. But no matter how you slice it, higher taxes and more deficit spending are not the answers. The 2009 stimulus failed to keep unemployment below 8 percent as advertised by the Administration and left the American people holding a tab of over $1 trillion in borrowed spending.

I believe the best thing the government can do for the economy right now is to get out of the way. We need to rein in burdensome regulations that perpetuate job-killing uncertainty in the markets. We need to institute spending limits and pass a balanced budget amendment to the Constitution that forces the government to live within its means and prevents it from crowding out the private sector. Senate Republicans have proposed a jobs plan that would do these things.

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