Boehner stimulus report claims failure and waste in act

The year-old stimulus act has resulted in little job growth and more debt, the House GOP leader suggested in a report Wednesday.

House Minority Leader John Boehner (R-Ohio) said that the $787 American Recovery and Reinvestment Act (ARRA), which President Barack Obama signed into law a year ago today, was an example of waste and misguided spending in a report his office released this afternoon.

ADVERTISEMENT
"Today’s anniversary of the Democrats’ trillion-dollar ‘stimulus’ marks one year of broken promises, bloated government, and wasteful spending," Boehner said in a statement releasing his report. "Americans are asking 'where are the jobs' but all they are getting from Democrats who control Washington is more spending and more debt piled on the backs of our kids and grandkids."

The report comes as Vice President Joe Biden, who is in charge of the Obama administration's economic recovery efforts, released his own report on the stimulus,  which argues that the act had saved or created 2 million jobs to date.

The GOP report takes aim at the calculations Biden and the administration use to reach that figure, and touts Republican alternatives as better-suited to stimulate job growth.

The reports are part of the pitched battle between Republicans and Democrats on Wednesday over the legacy of the stimulus, with Democrats claiming success and the GOP claiming failure for the legislation, one of the first signature pieces of legislation Obama signed into law.

Find the entire report here.