Economy & Budget

We should be working together on Social Security (Rep. John Boehner)

WASHINGTON, D.C. — House Republican Leader John Boehner (R-OH) released the following statement marking tomorrow's 75th anniversary of Social Security:

“For 75 years, the Social Security program has served the needs of millions of American seniors, and Republicans are committed to protecting Social Security and preserving this invaluable program for current and future generations of retirees.  The Social Security and Medicare Trustees have repeatedly warned Congress and the American people that reforms are necessary or future benefits will be threatened.

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Democrats stand strongly by Social Security (Rep. Steny H. Hoyer)

WASHINGTON, DC – House Majority Leader Steny H. Hoyer (D-Md.) released the following statement on the 75th anniversary of Social Security, which is tomorrow, August 14:
 
“For 75 years, Social Security has stood as an unbroken promise to America’s seniors: that after a lifetime of hard work, they have the assurance that they can retire with real security.  Where many seniors were once faced with a life of poverty, for the last 75 years they have instead been able to lead a life of dignity.

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Still fighting 75 years later for Social Security (Sen. Harry Reid)

Washington, DC –Nevada Senator Harry Reid released the following statement today to recognize the 75th anniversary of Social Security on Saturday:

"Since its creation 75 years ago, Social Security has allowed tens of thousands of Nevadans to retire with grace and dignity.  Throughout my career, I have fought to strengthen and preserve Social Security, and I will continue to fight to make sure that our parents, grandparents and loved ones can enjoy their golden years with well-deserved peace of mind. 

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Fixing our enormous fiscal gap (Rep. Michele Bachmann)

It’s no secret the U.S. government is in dire financial straits, but Democrats keep spending billions like its Monopoly money. The International Monetary Fund (IMF) recently released its annual review of U.S. economic policy, so since Democrats have ignored the warning signs until now, its time to listen up.

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Social Security: 'Nefarious' legislation becomes an American success (Rep. Gabrielle Giffords)

I would like you to imagine a scene that took place in Congress over a controversial bill.

One congressman from Ohio called the bill “nefarious.” His colleague from Pennsylvania condemned it as an “orgy of ruthless spending.”

These lawmakers weren't fighting about health care, border security or stimulus spending. And the debate that sparked their fury wasn’t even recent.

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When you're in a hole stop digging (Rep. Tom McClintock)

Representative Tom McClintock (R-Calif.) delivered the following remarks today in the House of Representatives on unemployment and spending:

Many people are asking why Congress is here today.  I think the answer’s pretty simple: we’re not bankrupting the country fast enough and so we need to come back and spend more.

In the merciful week that Congress was not in session, my constituents had one message: STOP THE SPENDING.  Obviously, Congress isn’t listening.

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Democrats will gladly pay later for a bailout today (Rep. Jerry Lewis)

Today, the House has been called into a rare, last-minute August session to vote on a $26 billion spending package to bailout state governments.

Democrat leaders claim that this legislation is “fully paid for.” However, the bill spends the entire $26 billion in just two years, while the “offsets” take place over ten years – relying on future Congresses to abide by the offsets in the bill.

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What’s Green, White and Blue? American Jobs

Red, as in furiously red, defined the day last fall when a consortium of companies announced it wanted $450 million in U.S. stimulus money to build a wind farm in Texas, creating 2,000 jobs in China and 300 in America.

Now, nine months later, things have cooled down and turned around. In a deal with the United Steelworkers (USW), two Chinese companies have agreed to build as much of the wind turbines as possible in America, using American-made steel, and creating perhaps 1,000 American jobs.

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Higher taxes on dividends will discourage investment and retard economic recovery

Before the end of this year, Congress must address the huge impending tax hikes that will go into effect on January 1st if no action is taken.  These increases will occur because tax bills passed in 2001 and 2003 temporarily slashed rates in order to stimulate an economy that was mired in a mild recession. The top marginal tax rate will go back to 39.6 percent from 35 percent, with corresponding increase in rates for lower tax brackets.

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US must decline impossibly broad defense missions

“Your mission, should you decide to accept it” famously prefaced each of the mind-boggling tasks given to the Mission Impossible hero Jim Phelps. He, of course, always succeeded in his barely-possible work. Not to be outdone, a panel of defense experts will use a Senate Armed Services Committee hearing on Tuesday to assign the Pentagon a truly impossible mission set without even giving the American people a choice about accepting it.

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