While President Obama talks about reining in the deficit, government debt has grown by $3.4 trillion during the first 29 months of his Administration – the equivalent of about $4 billion per day. In addition to forcing a showdown on the debt limit, this massive debt is weighing heavily on job creation, contributing to an unemployment rate above 9 percent for yet another month. …
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“Today’s disappointing jobs number proves yet again that our economy is too weak, too fragile and too shaky. Washington’s failed stimulus has produced more spending, more debt and more taxes, but not more paychecks. In order to get Americans back to work producing the economic growth this country needs, we need to let the private sector do what it…
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Source: Department of Labor unemployment rate data and Obama Administration January 2009 projections (in “The Job Impact of the American Recovery and Reinvestment Act”)
February 2009
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Washington, DC - The time was October 1976. KC and the Sunshine Band encouraged Americans to “Shake Your Booty” and the Bee Gees proclaimed that “You Should Be Dancing.” And Congress created a supposedly “temporary” Federal unemployment tax on jobs, sometimes called the Federal Unemployment Tax Act (FUTA) “surtax.” Today, after 35 years and eight separate extensions of…
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Rhetoric
"Who is to blame for our debt crisis? 'The U.S. government cannot default on its debt, largely accrued by President George W. Bush,' Pelosi said."
Facts
During the Obama Administration, the debt held by the public has risen more (by $3.4 trillion in 2+ years, compared with $2.9 trillion in the prior 8 years) and nearly four times faster than during the Bush…
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The bad news on the economic front continued this morning when the Department of Labor announced that 429,000 more Americans applied for unemployment benefits last week – joining the nearly 14 million Americans already without a job.
Thursday’s initial unemployment insurance claims numbers illustrate an economy struggling to grow and create jobs and come less than 24 hours…
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On the heels of recent reports and a New York Times article detailing the economic challenges facing small businesses, the Department of Labor released data this week indicating that initial claims for unemployment insurance benefits remained above 400,000 for the 10th week in a row. These unfavorable economic conditions are a result of a failed…
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Congressman Geoff Davis (R-KY), Chairman of the Subcommittee on Human Resources, Committee on Ways and Means, today announced that the Subcommittee will hold a hearing on improving programs designed to protect youth at risk of abuse and neglect. The hearing will take place on Thursday, June 16, 2011, in Room B-318 of the Rayburn House Office Building, beginning at 9:00 A.M.
In view of…
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(Remarks as Prepared)
In today’s hearing, we will review several programs under our jurisdiction that are designed to help ensure the safety and wellbeing of children at risk of abuse and neglect.
The majority of federal child welfare spending is used to reimburse States…
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