Vice President Biden on June 2, 2010 predicted that jobs would grow by a total of 700,000 to 1.4 million during the remainder of 2010: “I think we'll create between 100,000 and 200,000 jobs on average all the way through this year.”  As the chart below shows, even his best case scenario would leave us 6 million jobs short of the Administration’s original predictions for stimulus job… Read more

Washington, D.C- Ways and Means Ranking Member Dave Camp (R-MI) today issued the following statement upon the launch of AmericaSpeakingOut.com, which invites active participation from the American people on issues of job creation, health care, tax reform and fiscal accountability among others. America Speaking Out is an effort of House Republicans to engage the American people in an… Read more

While the President went to Ohio Monday and repeatedly claimed his trillion-dollar 2009 stimulus plan was “the right thing to do,” it’s hard to tell that from looking at the job situation across the U.S.  According to the latest data from the U.S. Department of Labor, and the chart below, through April 2010 a total of 48 out of 50 States had seen net job losses since the President signed… Read more

Washington, DC – Ways and Means Ranking Member Dave Camp (R-MI) issued the following statement upon release of a summary of the Democrats' so-called tax extenders package which has been reported to contain in excess of $150 billion in unpaid for spending and provides zero net tax relief. “The massive and unprecedented deficit spending in the stimulus bill didn’t create jobs and neither… Read more

The Capitol Hill newspaper Roll Call noted on May 10, 2010 that even Democrats say the Obama Administration “hasn’t done enough” to prioritize job creation.  “We were told we would focus like a laser after December.  Well, we haven’t exactly been focused like a laser on jobs,” said Rep. Peter DeFazio (D-OR).  DeFazio went on to describe Administration stimulus spending priorities as… Read more

The latest monthly jobs report shows the unemployment rate still hovering around 10 percent, at 9.9 percent in April. This is 2.5 percentage points (34 percent) higher than the unemployment rate the President promised once his stimulus bill was enacted. Source: “The Job Impact of the American Recovery and Reinvestment Plan” (i.e. the Administration’s January 2009 Romer/Bernstein… Read more

Today’s hearing reviews State unemployment solvency.  States are spending and borrowing record amounts to pay promised benefits to a record number of unemployed workers.  Why record unemployment?  Because of the failure of Democrats’ trillion-dollar stimulus bill to create millions of jobs as promised.  Instead of keeping unemployment under 8%, as the Administration projected, it soared… Read more

One week ago, Vice President Biden predicted that “some time in the next couple of months we're going to be creating between 250,000 jobs a month and 500,000 jobs a month."  That the Administration is making job predictions at all may seem surprising given their dubious record on predicting job growth and unemployment rates.  For example, instead of creating 3.7 million jobs and holding… Read more

Today we return to the issue of disability backlogs, about which the Ways and Means Committee has held now seven hearings – in whole or in part – during the past three years. Compared with the level in 2008, the past two years have seen an added $3.5 billion spent on Social Security administrative costs.  That’s an increase of over 35 percent.  A significant share of that new… Read more

Our Democrat colleagues began this Congress promising to spend $1 trillion and create 3.7 million jobs.  Vice President Biden said, without irony, “we gotta go spend money to keep from going bankrupt.”  Despite those assurances, we have lost 3 million jobs and amassed mountains of debt.  Just last week, to cover up the failure of their stimulus, the Administration released a report… Read more